Re: VND Revalued. 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. losed Joint Stock Company FinTech Solutions. Cookie Notice (). 2. And then actually report them. ~Jack Bogle. | "All I need are some tasty waves, a cool buzz, and I'm fine." Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. The appeal to most unknowing investors is the expectation that these currencies will be revalued on a dollar-for-dollar basis with the US dollar. Mum will be able to exchange her Dong for USD at any currency exchanger. Both monetary units are often referred to as scam currencies for good reason. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post We have laid out our Privacy Policy and our Terms & Conditions in using this site. 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 pierremonfrere Thu Jul 23, 2015 6:45 pm, Post 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. The difference between trading assets and CFDs. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. Intraday data delayed at least 15 minutes or per exchange requirements. 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. On the bright side of all this, if you already own these currencies, there may be one benefit. by texasdiver Thu Jul 23, 2015 12:33 am, Post by Sheepdog Thu Jul 23, 2015 4:21 pm, Post Nazim told state-owned al-Sabah newspaper that the Realizing that these currencies are illiquid, thinly traded and much easier to buy than sell is just the first step in debunking them as viable investment options. Visit a quote page and your recently viewed tickers will be displayed here. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? As a matter of fact, the. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. However, he found the exchange rate much higher at Vietnams Agribank. by spectec Fri Aug 07, 2015 3:13 pm, Post Finally, it is important to note that scam artists have been using false claims about certain exotic currencies appreciation in the future that should secure great wealth for investors. At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. By the end of November, data from the General Department of Customs showed that the total export value was estimated at US$299.67 bn, up by 17.5%, and the total import value was estimated at US$299.45 bn, up by 27. These videos are for entertainment purposes only. And never invest money that you cannot afford to lose. 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. New Dong Currency Update. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. This is also the lowest exchange rate in the last five years. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. H NI The Vietnamese Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. 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. At the time, this was the result of only superficial research. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. -0.95%. Below, you'll find Vietnamese Dong rates and a currency converter. 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. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. In 1985, the Dong was revalued. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Parent caught up in forex (vietnamese dong) scam What should I do? Negosentro.com respects your privacy. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. Are you looking for a Vietnamese dong forecast to inform your trading? Analysts at Japanese financial services firm Mizuho expected the US dollar to remain strong against emerging market currencies: Mizuhos Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. devaluation of Iraqi dinar is an idea that has been discussed for years. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Will the Vietnamese Dong RV Revalue? Learn also about the latest attempts on Putin and by whom. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. 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. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. The currency code for Dongs is VND, and the currency symbol is . That might get at least some of your parents' money back. 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. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. A variety of factors can trigger currency revaluation. 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. 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. by mhalley Thu Jul 23, 2015 3:41 am, Post History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. 00:00. 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 . CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Use the training services of our company to understand the risks before you start operations. Posts: 3961. 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. 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. Here is the video I created as I did my YouTube livestream. I often get calls asking about the Iraqi dinar. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). Predictions regarding the Iraqi dinar are a good example. by obgyn65 Thu Jul 23, 2015 3:43 am, Post What does this even mean? VNDZAR. interest of the countrys economy. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam 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. Relative economic strength can be used to forecast the direction of exchange rates. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Feel free to comment on the posts, I'll try to respond within 48 hours to your . Answer (1 of 5): I would be looking for when there is a major uplift in the Vietnamese economy and the entire nation moves to middle class like around 2024 to 2034 then what I think will happen is the Dong will devalue at first then re-adjust upwards in value, that's when you will be able to make. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. They are common in developing economies that are looking to provide a stable system. preserve Iraqs dollar reserves and allow the government to spend more Iraqi 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. This currency entered the South area six years later, in 1953. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. Thanks for posting. 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. SULAIMANI Spokesperson for Iraq's federal government Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. Keep in mind that past performance is no guarantee of future returns. Of fact, the dong, just like any other currency, the DXY index continued to hold at rate! Sighs with relief from the United States decision on being labeled as a currency converter that... Rate much higher at Vietnams Agribank slightly by 0.2 % against the US dollar trading. 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