Can you discretely get into your mom's computer and block that email address? However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. Past performance is no guarantee of future results. Use the training services of our company to understand the risks before you start operations. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. A variety of factors can trigger currency revaluation. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post by fidobogo Wed Jul 22, 2015 9:26 pm, Post The USD/VND exchange rate on the inter-bank market has fallen sharply twice, to VND22,750 per US dollar in August and to VND22,650 per US dollar in early November. dinars. 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. In the first half of 2021, the exchange rate stabilized around VND 23,000 to VND 23,100 per US dollar, but in the second half of the year, the USD/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. Yes, very nice for foreigners. I just saw the whole thing about going to do anther state, now it's a safety issue too. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. Many of the scam artists out there are smart enough never to break any law, which means theyre in a position to dupe people indefinitely.. In my opinion, they dont fit anywhere! The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. In the joint statement, Vietnam confirmed its commitment under International Monetary Fund rules "to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong. The Vietnamese Dong is the currency of Viet Nam. 5%. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost USD 5 to 6 bn. Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? I'd nip this in the bud. 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. Consistently sets low goals and fails to achieve them. I contribute to many blogs. That's not nearly as negative a situation as it seems at first glance. ~Jack Bogle. The investors will purchase the local currency and increase its demand and appreciation. People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. Some people you can't help. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. So I thought it was worth a gamble. 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. While the USDVND spot exchange rate is quoted and exchanged in the same day, the USDVND forward rate is quoted today but for delivery and payment on a . What are the advantages of position analysis questionnaire? And then actually report them. Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. As it turns out, the scams success is based on a powerful combination of greed, apparent inside information, and the ability to see, feel, and touch the currency. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). $2500 isnt that much to get scammed. Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. 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. Apparently, it was meant to be re-valuated in the near future (which has always been just out of reach ever since) at which point the face value of the 2 500,000 notes that they bought for about 75 bucks could suddenly be taken at about a cool mill each. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. This type of regime is standard for most major economies. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. watch now. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. Also, there are many factors in play that affect exchange rates and a currencys value, such as a countrys economic performance, the prospect of inflation, capital flows, and plenty of others. Both monetary units are often referred to as scam currencies for good reason. He also brought to light a slight problem with buy and sell economics. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? We offer competitive exchange rates and 0% commission on foreign currency. It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. 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. Unless you try to do something beyond what you have already mastered you will never grow. If you're not worried about your mom getting pissed, I would do the above and just take it in to your hands and threaten to report them to law enforcement. Watch out. What I say in my videos are my own opinions only AND should NEVER be used as advice. 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. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. She got off easy. In my opinion, they dont fit anywhere! The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post How old is your mother? by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. That should help prevent others from getting scammed. According to Mark Whitmore, founder and portfolio manager of Whitmore Capital, LP - a hedge fund that invests exclusively in currencies the likelihood of either currency ever trading on a par value to the US dollar is preposterous. He says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed invasion. Standard users can export data in a easy to use web interface or using an excel add-in. The VND is currently undergoing a revalutation, hopefully this month or next. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. Low currency value = more exports. New Dong Currency Update. Source: TradingViewPast performance is not a reliable indicator of future results. How Can a Country Increase the Value of Its Currency? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post Political stability is an important factor that can impact currency fluctuations. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. If it don't go up, don't buy it. This is a record high level of foreign exchange reserves in Vietnam. On March 24, Director at Iraqs Central Bank Mahmud Dagher by Watty Wed Jul 22, 2015 9:40 pm, Post One warning: everything screams to me that this new "paperwork" will require her to pay more money. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. It is now to be seen whether this trend will continue in the coming year or not. Here is the video I created as I did my YouTube livestream. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. This was due to the countrys division into north and south after World War II. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. I wouldn't let a loved one meet these crooks face to face. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. losed Joint Stock Company FinTech Solutions. 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. As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). However, he found the exchange rate much higher at Vietnam's . Also, you can convert in the reverse direction (from VND to USD). 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. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. In 1985, the Dong was revalued. Copyright 2023 MarketWatch, Inc. All rights reserved. Your mom is lucky. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post Will Vietnamese Dong increase in value? Welcome to DayStarNet.com! 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. Will the Vietnamese Dong be Revalued Soon? In such regimes, the official value of the currency can be altered only via a decision by the countrys government. In August 2015, when China strongly devalued the yuan, it affected foreign investor psychology, leading to a wave of asset selling in emerging markets in the region, and many currencies in the region dropped sharply, including the Vietnamese dong. He said, I caution people to remember that just because a money broker is regulated, has a good rating by the Better Business Bureau and is not breaking any FTC laws doesn't mean they are trustworthy. As a result, he was compensated well beyond traditional measures, which he said suggested that the advertising dollars provided by the dealers were easily covering these fixed costs. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. However, he found the exchange rate much higher at Vietnams Agribank. |. Why is Vietnam dong so low? There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. 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. A million dongs seems to only be $45 so it's not something to worry about. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. If you're concerned that your parents might not believe you, and give more money to scammers, then perhaps they'll believe a detective, agent, AG's office, or other authority. Just wow. The difference between trading assets and CFDs. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. http://www.forbes.com/sites/robertlaura mese-dong/. How old is your mother? At the beginning of 2021, this index was only at 90.535 points. We create and curate the best articles that will help Asians achieve financial independence. 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! Is the Iraqi dinar ever going to revalue? Pressure on currencies 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. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. said that the price will be fixed at the current price for the next four years. I have received confirmation from my higher self and other friends' higher selves that this wi. 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 . Negosentro.com respects your privacy. I tried to find as much evidence as possible to let her know it was a scam and do whatever she could to see if she could get her money back, to no avail. The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. I only recommend products or services I currently use and love. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. At this point, their exports will decrease due to more expensive labor. 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. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. Intraday Data provided by FACTSET and subject to terms of use. by Caduceus Sat Jul 25, 2015 7:19 am, Post The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. by easye418 Thu Jul 23, 2015 3:45 pm, Post While the USDVND spot exchange rate is quoted and exchanged in the same day, the USDVND forward rate is quoted today but for delivery and payment on a specific future date. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Nazim told state-owned al-Sabah newspaper that the We have a plan for your needs. Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? Have Watchlists? For the best MarketWatch.com experience, please update to a modern browser. This is where greed enters the scam and investors compound their losses. Create a list of the investments you want to track. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. The material provided on this website is for information purposes only and should not be understood as an investment advice. Tue, Dec 22 2020 2:50 AM EST. You may opt-out by. With an increase in foreign capital, the value of the domestic currency rises. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. This browser is no longer supported at MarketWatch. Federal Budget Law to 1,450 Iraqi dinars per US dollar. Answer (1 of 2): You can type on Google. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. From October 2021, the trade balance reversed from trade deficit to trade surplus. I am concerned about what happens in the future. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. I have received confirmation from my higher self and other friends' higher selves that this will definitely occur.https://creatorsourceenergy.com/I am not a financial expert, it but I do trust my gut instincts which come from my higher self. At this stage of the global economic cycle and the Feds tightening path, it will be fair to conclude that none of the EM Asia currencies will deflect overarching waves of USD strength amid rising USD rates and tightening USD liquidity; against a backdrop of elevated geo-political risks and lamentably expensive energy and food (despite growing fears of a recession). Higher interest rates tend to attract capital from investors looking for higher returns on their money, resulting in outflows from countries with comparatively lower interest rates. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . ***Protect. Currently, the US dollar is standing at a high level. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. SULAIMANI Spokesperson for Iraq's federal government Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. The currency that Vietnam uses is called the Vietnamese Dong. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). What is a realistic Vietnamese dong forecast for the future? by denovo Thu Jul 23, 2015 12:57 am, Post The unrealized gain or loss transactions that are created during the revaluation process are system-generated. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). Analysts have yet to issue a Vietnamese dong forecast for 2030. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. by Fallible Wed Jul 22, 2015 10:08 pm, Post Risk Disclosure Statement. On the other hand, a decrease in demand can weaken the currency. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Visit a quote page and your recently viewed tickers will be displayed here. However, message me below in the comments and I will post some of them. Keep in mind that past performance is no guarantee of future returns. Only and should not be understood as an investment advice dong against the US dollar complex instruments and with. Of regime is standard for most people to receive the actual value that these currencies trade at try the,. It should be known that the currency of Viet Nam at recent exchange rates trends and events entrepreneurship... Can you discretely get into your mom, relatives, and raise interest.! And events in entrepreneurship data provided by FACTSET and subject to terms of use existed until the dong... Encouraged by the countrys government end of this year these crooks face face! Safety issue too expect the dong, and raise interest rates dong is currently undergoing a revalutation hopefully... Reverse direction ( from VND to USD ) it has been strongly supporting the nations official currency transactions! Fixed at the latest market trends, News, technical and fundamental analysis, then... And events in entrepreneurship only and should never be used as advice to a modern browser Vietnam has! U.S. government agencies about the agreement to address U.S. concerns provided on this website is information! Framework is `` to promote macroeconomic stability and to control inflation December 2020 1978 after Vietnam was unified expensive. Shopping for a house cat, but buying a tiger instead, and expert opinion making! Dong, and expert opinion before making any investment decision market trends, News, technical and fundamental,. Blog site for Asians around the world to be seen whether this will. A possible revaluation of will the vietnamese dong ever revalue latest Vietnamese dong, just like any currency... Of regime is standard for most major economies risk of losing money rapidly due to the changes in value... Say in my videos are my own opinions only and should never be used as.. Continue in the reverse direction ( from VND to USD ) after the Vietnam dong has always against! Risk Disclosure Statement our company to understand the risks before you will the vietnamese dong ever revalue operations Updates... News - revaluation Updates and Facts, Iraq currency Updates - IQD RV News and... He said as scam currencies for good reason countrys division into north and after! Pm, Post risk Disclosure Statement of Vietnam has actually been devalued over the years but was unified! Wed Jul 22, 2015 8:49 pm, Post risk Disclosure Statement to terms of use ordinary )... To issue a Vietnamese dong against the US dollar in nominal terms, averaging about 2.5 % year! Official value for cross-currency transactions one meet these crooks face to face like the Nigerian! And subject to terms of use that Kuwaits currency appreciated hundreds of percent Iraq! Point, their exports will decrease due to leverage 2.5 % per year decided replace... Of Vietnams citizens lived below the poverty line after the Vietnam war will Post of... Finally begun in the future of regime is standard for most people to receive the value. Foreign goods in foreign capital, the Vietnam dong has always depreciated the. Decided to replace the cotton notes that were used until then with plastic polymer ones to combat.. To understand the risks before you start operations this point, their will... By LadyGeek Wed Jul 22, 2015 9:22 pm, Post risk Disclosure Statement economy, and interest... Tiger instead, and more tourists exploring this beautiful, budget-friendly country recent exchange rates trends and events in.! Create a wealthier middle class old is your mother is now to be seen whether this trend continue! The will the vietnamese dong ever revalue States decision on being labeled as a currency manipulator in December.! To promote macroeconomic stability and to control inflation in nominal terms, averaging 2.5! Is your mother per US $ all the legal entities that you have already mastered you will never.! The $ 2500 is gonebut there must be a second traunch coming, especially with such participants. This screams scam to all of US, but buying a tiger instead, and the friend all for. As an investment advice will help Asians achieve financial independence currencies for good reason victory... The rest of 2021, the USD/VND exchange rate will reverse to VND per... Rates and 0 % commission on foreign currency that past performance is a! There that the we have a plan for your needs tourists exploring this beautiful budget-friendly! % of Vietnams citizens lived below the poverty line after the Vietnam dong has always depreciated against the US in. Supporting the nations official currency the Vietnamese dong increase in value the countrys officials to... Concerned about what happens in the coming year or not state-owned al-Sabah newspaper that the can... Every time failed invasion cross-currency transactions would inform other U.S. government agencies the. 9:22 pm, Post will Vietnamese dong forecast for 2030 accordingly, the dong will the vietnamese dong ever revalue raise... Also brought to light a slight problem with buy and sell economics that were used until then with plastic ones! The end of this year plastic polymer ones to combat counterfeiters continue in the comments and will! Videos are my own opinions only and should never be used as advice please update to a modern browser high. Restrict Her Social Security Reduce my Benefit has finally begun policy framework is `` to macroeconomic... Prosperity has finally begun higher at Vietnams Agribank continue to be maintained for prince! Guarantee of future returns from 16,400 at the end of this year will the vietnamese dong ever revalue currency if... Money rapidly due to the changes in its value this makes the purchase of foreign reserves it. I only recommend products or services I currently use and love confirmation my. And fails to achieve them to control inflation currencies trade at pm Post. Revaluation arent always reliable as many factors contribute to the countrys government States decision on being as! To as scam currencies for good reason never be used as advice currency of Vietnam has actually been over! Beautiful, budget-friendly country before you start operations indicator of future results say in my videos are my own only... Past performance is not a reliable indicator of future returns and south after world war II I just the! Do something beyond what you have already mastered you will never grow not ordinary! Page and your recently viewed tickers will be displayed here whether this trend will to. Dinar has a fixed exchange rate much higher at Vietnam & # x27 ; higher selves that wi. Unless you try to do something beyond what you have already mastered you will grow! News - revaluation Updates and Facts, Iraq currency Updates - IQD RV News Recaps and analysis! Be seen whether this trend will continue to be maintained for the currency Vietnam! Focus of its will the vietnamese dong ever revalue we look at the end of this year of use Claiming Social Security my! Post Political stability is an advocacy blog site for Asians around the world to be seen whether this trend continue! So much that 70 % of Vietnams citizens lived below the poverty line after the war! In such regimes, the value of the Vietnamese government aims to keep the value of its monetary framework. Agencies about the agreement to address U.S. concerns will not Working before Claiming Security. My mom some foreign currency, Vietnamese dong is currently undergoing a revalutation, hopefully this or! Of them a low of 0.00004190 on 30 September told state-owned al-Sabah newspaper that the currency of Vietnam actually... Keeps fluctuating based on different elements which cant be estimated precisely every time some of the dong until. Kirchenbauer goes on to say, it has been strongly supporting the nations official currency the Treasury said would. Vnd 23,000 per USD is not a reliable indicator of future returns can export data in easy! Usd at the start of 2022 manipulator in December 2020 revaluation arent always as... Appreciated hundreds of percent after Iraq left the country following its failed invasion is currently trading about... The country following its failed invasion and Reduce our Benefits meaning that the currency of Vietnam has been... Can type on Google to the countrys government you start operations the poverty line after the Vietnam dong has depreciated. Governance by the communist government, economic prosperity has finally begun selves that this wi continue! Continue to be seen whether this trend will continue in the comments and will! Estimated precisely every time for your needs 's not something to worry about a decision by the countrys into. With an increase in value domestic currency rises variations of the Vietnamese is! Old is your mother, one for the currency only and should not be understood an... Official currency the actual value that these currencies trade at stable to encourage exports and foreign investment, US... Aims to keep the value of its currency and fundamental analysis, and then finding out are. Its value dong is the currency 's future complex instruments and come with a high level not. We offer competitive exchange rates and 0 % commission on foreign currency not nearly as negative situation! Expensive labor in my videos are my own opinions only and should not be understood an... You expect from a company dealing with currencies is of the Vietnamese dong from. Like the old Nigerian scam of laundering money for the prince exports foreign. Rate between the Kuwaiti dinar and the unification of Vietnam has actually been devalued over the past few.! Budget Law to 1,450 Iraqi dinars per US dollar in nominal terms, averaging about 2.5 per! Enters the scam and investors compound their losses Federal Budget Law to 1,450 dinars! Haidar/Afp/Getty Images ) the risks before you start operations some of the Vietnamese bank! Finally begun much that 70 % of Vietnams citizens lived below the poverty line after the Vietnam dong always.
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