On 22 September, the SBV also raised interest rates for the first time in 11 years, increasing the refinancing, overnight lending and SBV loan rates by 100 basis points to return them to March 2020 levels. Unless I had law enforcement watching my back. "Don't trust everything you read on the Internet"- Abraham Lincoln. by nisiprius Wed Jul 22, 2015 8:24 pm, Post On top of all that, try finding someone to sell that currency to in order to recapture your USD. Negosentro | Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct 2022 | During the recently concluded PhilConstruct 2022, Buildrite Construction Chemicals Negosentro | Using a Blockchain PR Agency to Promote Your Crypto Project | Getting the word out about a new crypto or blockchain project Copyright 2011 | NEGOSENTRO.COM | All Rights Reserved. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. I only recommend products or services I currently use and love. Cookie Notice (). 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 HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Nicolas. . This is a record high level of foreign exchange reserves in Vietnam. and get more in-depth about this exotic currency. The dinar became 99.3% less valuable overnight. Questions. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? But the dollars rally in 2022 lifted the pair to a record high in September, reaching 23,513 on the last day of the month. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. Is the Iraqi dinar ever going to revalue? PEO vs Staffing Agencies: Which Is Right for Your Business? The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: Globalcurrencyresearch@gmail.com Buy Crypto W/Coinbase http://bit.ly/SetUpCoinbaseAccount Online Security Password Protection http://bit.ly/DashlanePassword#VietnamDong #RapidUpdates #VND ---------------------------------------------------------------------------------------Thanks for visiting Rapid Updates Channel to receive your weekly dose of the Iraqi Dinar, Silver \u0026 Gold News in Rapid Form! It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. Create a list of the investments you want to track. I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. All quotes are in local exchange time. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. What does this even mean? The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. It can be seen that despite having many advantages, the pressure on the USD exchange rate is not small, because the trade surplus this year is very low. However, he found the exchange rate much higher at Vietnam's . 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 almost got scammed a few years ago when I sold my car on Craiglist.for a split second I was in doubt---the scammers were that good. by texasdiver Thu Jul 23, 2015 12:33 am, Post Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. Note that in this video, I show how the exchange rate (United States Dollar to Vietnamese Dong) proves that the currency of Vietnam is getting weaker, not stronger. ***Protect. losed Joint Stock Company FinTech Solutions. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. Subscriber Agreement & Terms of Use | The difference between trading assets and CFDs. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. 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. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. by IPer Thu Jul 23, 2015 6:57 am, Post | Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. Forbes had an article of the scams in their 3/24/15 issue titled. |. by spectec Fri Aug 07, 2015 3:13 pm, Post You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. A brief history of the dong. 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. by Nicolas Fri Jul 24, 2015 7:02 pm, Post The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. 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. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. First, I removed the link in the OP's post as it may be malicious. The currency code for Dongs is VND, and the currency symbol is . A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. What are the advantages of position analysis questionnaire? A million dongs seems to only be $45 so it's not something to worry about. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. It influences its strength as its associated with a change in the markets stability. 1. The US removal of currency manipulator label from Vietnam has also helped operators to be more generous in their foreign exchange market management policy, switching from forward buying to spot delivery. You will probably agree with me that the audio and video quality is much better than that of the [], Sterling Currency Group (Dinar Banker) Court Documents Request Leave A Comment at the bottom of this post. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. 2. All factors that seem to make investing in either of them a very credible and enticing opportunity to outsmart Wall Street, best fellow investors, and get rich quick by uncovering secrets the government doesnt want us to know. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! The scammers are using the internet to their advantage and setting up websites, social media pages, and newsletters to persuade people that the Iraqi dinar is about to be revalued. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Without the need to be a major exporting country, they can afford to increase the value of the. According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. Join us in creating opportunities and sharing ideas to all. by mhalley Thu Jul 23, 2015 3:41 am, Post In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . For inquiries, please Contact us! Dinar Revaluation Will the Iraqi Currency RV? Scratch that. From an investment standpoint, one of the advantages to investing in any asset that's nearly worthless is that there's virtually no downside risk. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. watch now. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. by wander Wed Jul 22, 2015 8:40 pm, Post It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. "Yes, investing is simple. The Vietnamese dong (VND) is the official currency of Vietnam. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? The Trading Economics Application Programming Interface (API) provides direct access to our data. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. Risk Disclosure Statement. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post call +44 20 8089 7893 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. by easye418 Thu Jul 23, 2015 3:45 pm, Post Keep in mind that past performance is no guarantee of future returns. The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. Seems like the best way out of this is to head back to the bank where the $2500 in Vietnamese Dong was exchanged and ask if they'll convert back to USD. Buy VND with Confidence. I've got $80k burning a whole in my pocket, what should I do with it? Visit a quote page and your recently viewed tickers will be displayed here. However, the Vietnam dong is one of the few currencies in the region that has appreciated against the US dollar since the beginning of the year, which is a rare case in the foreign exchange market. Seems like the best way out of this is to head back to the bank where the $2500 in Vietnamese Dong was exchanged and ask if they'll convert back to USD. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. by Index Fan Fri Aug 07, 2015 12:13 pm, Post by ponyboy Thu Jul 23, 2015 7:40 am, Post Currently, the US dollar is standing at a high level. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. CONTACT US IF YOU HAVE A LINK YOU THINK WE SHOULD ADD, Here is the complete transcript of Daves live call from 11/30/2016 If you dont see the video above, the page has probably not finished loading, so give it a minute to load. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. At the beginning of 2021, this index was only at 90.535 points. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. I often get calls asking about the Iraqi dinar. Have Watchlists? The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. by Bhawks Fri Aug 07, 2015 11:03 am, Post On the other hand, a decrease in demand can weaken the currency. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. Although there are certain signals, like strong economic growth, that can be used to assess whether a certain currency will be revalued soon, its always wise to be cautious about this type of estimation. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. At one point, the US Dollar Index (DXY) measured the dollar volatility with six other key currencies, namely, EURO, JPY, GBP, CAD, SEK, and the CHF. SULAIMANI Spokesperson for Iraq's federal government Vietnam has been establishing itself as a stable economy for a while, and a stronger Vietnamese dong would attract even more foreign capital to be invested in the country. Will the Vietnamese Dong RV Revalue? This was due to the country's division into north and south after World War II. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Re: VND Revalued. For the best MarketWatch.com experience, please update to a modern browser. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Any further interaction is asking for trouble. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. 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 (VND) is the official currency of Vietnam. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. Past profits do not guarantee future profits. While the sheer terror of realizing you may have lost a boatload of money after buying a foreign currency is bad enough, the source regretfully informed me that, Some dinar dealers are even more unscrupulous than the advertisers. Answer (1 of 2): You can type on Google. The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? I wouldn't let a loved one meet these crooks face to face. Contact us! Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. Consistently sets low goals and fails to achieve them. . The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. What affects the Vietnamese dongs value? Has anyone here ever had a legitimate transaction that required a fingerprint? And then actually report them. I don't think they are out to mug her at the paperwork exchange. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Similar to other exotic currencies like the Iraqi dinar and Indonesian rupiah, both investors and collectors across the globe have shown more interest in the Vietnamese dong in recent years. Will Vietnamese Dong increase in value? Feel free to comment on the posts, I'll try to respond within 48 hours to your . Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. In fact, in the nineties, playing on the speculation regarding the euro became so widespread that the U.S. Commodities Future Trading Commission issued multiple warnings. I have no idea if that would work or would just make things even worse. Thanks for posting. In my opinion, they dont fit anywhere! There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. The last series of the notes entered the market in 2003. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. by denovo Thu Jul 23, 2015 12:57 am, Post We create and curate the best articles that will help Asians achieve financial independence. He also brought to light a slight problem with buy and sell economics. This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. -Seneca. Did she ever receive any bills for service? Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. Past performance is no guarantee of future results. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Law and does not change. An increase in demand causes a rise in the exchange rate and raises the value of the currency. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. I would probably yell and scream at her if she was my mom and I was your age. Are you looking for a Vietnamese dong forecast to inform your trading? Here is the video I created as I did my YouTube livestream. Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update.
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