There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. He also brought to light a slight problem with buy and sell economics. Just wow. We have a plan for your needs. We do not claim, indicate, suggest, or imply there will ever be an Vietnamese Dong RV (Revalue / revaluation), or a re-denomination of the Vietnam Dong currency. The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Advanced users can use our Python/R/Matlab packages. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Also, you can convert in the reverse direction (from VND to USD). However, it should be known that the currency of Vietnam has actually been devalued over the past few years. I reached out to several currency exerts to help me explain the ins and outs of this ridiculous business in an effort to help retirees and other investors avoid falling victim to this and similar currency scams going forward. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. The major market events for the week ahead right in your inbox. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. H NI The Vietnamese ng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast."The VN may move within the range of 0.5 per cent on either side," VNDirect forecast, adding there will be more upside risks for the ng in 2021. White label accounts can distribute our data. I would probably yell and scream at her if she was my mom and I was your age. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. You should do your own research to develop a view of the currency as an investment. If banks in the US choose to trade them, they make the spreads very wide so that they can make a large enough profit to justify the potential holding period., Scott Smith, Senior Market Analyst for Cambridge Global Payments highlighted another reality facing investors in these currencies. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: Globalcurrencyresearch@gmail.com Buy Crypto W/Coinbase http://bit.ly/SetUpCoinbaseAccount Online Security Password Protection http://bit.ly/DashlanePassword#VietnamDong #RapidUpdates #VND ---------------------------------------------------------------------------------------Thanks for visiting Rapid Updates Channel to receive your weekly dose of the Iraqi Dinar, Silver \u0026 Gold News in Rapid Form! The Vietnamese dong (VND) is the official currency of Vietnam. 2. |. Visit a quote page and your recently viewed tickers will be displayed here. These are short clips under a minute by Youtube. by greg24 Fri Aug 07, 2015 4:28 pm, Post Iraq devalued the dinar significantly as a part of the 2021 Here is the video I created as I did my YouTube livestream. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. But bad predictions werent limited to exotic currencies only. The weakness in the Vietnamese currency is a reflection of the strength of the dollar, as the dong has strengthened against the euro, British pound sterling, Australian dollar and Japanese yen as those currencies face greater macroeconomic challenges. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget preserve Iraqs dollar reserves and allow the government to spend more Iraqi In such regimes, the official value of the currency can be altered only via a decision by the countrys government. Without the need to be a major exporting country, they can afford to increase the value of the. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. Cookie Notice (). If you're curious about what Vietnamese money looks like, check out the video. Intraday data delayed at least 15 minutes or per exchange requirements. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. The dinar became 99.3% less valuable overnight. The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post For example, when Iraqi oil production was at its all-time high, he was instructed to write an article arguing that this was great news for dinar. -0.95%. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. $100 was at 147,550 Iraqi dinars as of Monday afternoon. Has anyone here ever had a legitimate transaction that required a fingerprint? Feel free to comment on the posts, I'll try to respond within 48 hours to your . At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. Countless warnings and blood soaked war stories are prevalent online, but to my surprise investors continue to fall for it, throwing good money at a very bad idea. So I thought it was worth a gamble. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October., Vietnamese currency forecast to strengthen against US dollar in 2021, Art exhibition celebrates the Year of the Cat opens in Hanoi, Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities, Ha Giang listed among worlds top 52 places to go in 2023, VN needs to move forward on global minimum tax, Vietnam team welcomed home after AFF Cup defeat, Deputy PM meets with global business leaders, senior officials at WEF meeting, Enterprises expect State to provide more support to reform business environment, WorldSteel Group opens 2nd office building in Long An, Bad film remakes mustnt be blamed on limited budgets: screenwriter, Agriculture sector seeks new space for development, Renewable energy bidding policy is still not being applied: MOIT, Prunus cerasoides season in Da Lat plateau. The Vietnamese economy has benefited from a shift in manufacturing out of China in response to the US-China trade war in recent years, increasing its exports of electronics, clothing and furniture. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. Capital Com is an execution-only service provider. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 by Sheepdog Thu Jul 23, 2015 4:21 pm, Post Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. Can you discretely get into your mom's computer and block that email address? What is a realistic Vietnamese dong forecast for the future? However, after a recent question about another foreign currency, the Vietnamese dong, I felt it was time to truly dig into whats going on and write the definitive article on where these currency strategies fit into both retirement and overall investment portfolios. Will the Vietnamese Dong be Revalued Soon? 2. -Jeff Spicoli. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. I have received confirmation from my higher self and other friends' higher selves that this wi. Did she ever receive any bills for service? However, message me below in the comments and I will post some of them. Analysis by Malaysia-based Maybank expects Vietnams GDP to grow by 8% in 2022, up from a previous forecast of 6.9%, supported by retail sales on an improved labour market and the return of tourism following Covid-19 lockdowns. by denovo Thu Jul 23, 2015 12:57 am, Post It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. Whitmore is relentless with facts and figures, noting that in 2003 the Iraqi government replaced its old currency (known as "Swiss" dinars) with a new currency and offered to convert 150 new dinars to one old dinar. It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. Well I did email the AGs office and the local news investigation team, who obviously unanimously agreed that driving out of state was a terrible idea, and forwarded their responses to my mom. That should help prevent others from getting scammed. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. In my opinion, they dont fit anywhere! According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. I have no idea if that would work or would just make things even worse. This is a record high level of foreign exchange reserves in Vietnam. Prior to this, South Vietnam was also dominated by piastre notes. So though a currency revaluation might be good for a country's currency, it makes its goods more expensive, possibly hurting the level of exports. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. One warning: everything screams to me that this new "paperwork" will require her to pay more money. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. SULAIMANI Spokesperson for Iraq's federal government 5.99%. Considering the law of supply and demand, the supply of US dollar is high but the demand is small, and the buying price of the US dollar will be cheaper inevitably. That would be a really elaborate plan to mug someone. What is the Dong expected to revalue at? Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. 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