will the vietnamese dong ever revalue

Please like this video!Join . 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. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. -0.95%. This is a BETA experience. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Will the Vietnamese Dong revalue 2021? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. This was due to the countrys division into north and south after World War II. by Caduceus Sat Jul 25, 2015 7:19 am, Post H NI The Vietnamese Can you discretely get into your mom's computer and block that email address? Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. This type of regime is standard for most major economies. Posts: 3961. by Bhawks Fri Aug 07, 2015 11:03 am, Post preserve Iraqs dollar reserves and allow the government to spend more Iraqi They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post Low currency value = more exports. Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. step because of the risks and controversies around it, adding that Prime Minister Federal Budget Law to 1,450 Iraqi dinars per US dollar. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. Both monetary units are often referred to as scam currencies for good reason. 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. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Standard users can export data in a easy to use web interface or using an excel add-in. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. watch now. What affects the Vietnamese dongs value? It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. We have a plan for your needs. I don't think they are out to mug her at the paperwork exchange. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Let us know what do you think about it? by profnot Thu Jul 23, 2015 3:36 pm, Post by greg24 Fri Aug 07, 2015 4:28 pm, Post Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Currently, the US dollar is standing at a high level. We create and curate the best articles that will help Asians achieve financial independence. What will be the value of Vietnam dong in 2022? Reid Kirchenbauer of InvestAsian.com says, The dinar and dong, along with many other thinly traded currencies, are hard to get at a fair price in the United States. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 The dinar became 99.3% less valuable overnight. |. The Trading Economics Application Programming Interface (API) provides direct access to our data. The bills are colorful and the numbers used are very large. -John Maxwell. $2500 isnt that much to get scammed. Is the Iraqi dinar ever going to revalue? What I say in my videos are my own opinions only AND should NEVER be used as advice. 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. They dont just shell out $50-$60 for a cool million. 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. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Add like 3-5% and that's it. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022. 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. The countrys economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. 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. Share your thoughts in the comments below, The State Bank of Vietnams (SBV) decision to raise key policy rates by 100bp on 22 September exceeded our expectation that these rates would rise by only 50bp by end-2022. 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. by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post 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. 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. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. Also, you can convert in the reverse direction (from VND to USD). To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. That would be a really elaborate plan to mug someone. 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. If it don't go up, don't buy it. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. Will the Vietnamese Dong be Revalued Soon? Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. I just wanted to get this transcript of the 2 [], I was invited, or more like urged to be on the Wingit Call on 10/25/2016. (Ralph Waldo Emerson). 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. On top of all that, try finding someone to sell that currency to in order to recapture your USD. On the bright side of all this, if you already own these currencies, there may be one benefit. Law and does not change. Historical and current end-of-day data provided by FACTSET. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Will the Vietnamese dong ever revalue? 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. 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). by barnaclebob Wed Jul 22, 2015 9:26 pm, Post Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. -Seneca. A million dongs seems to only be $45 so it's not something to worry about. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. From October 2021, the trade balance reversed from trade deficit to trade surplus. The implication is that most dinars are not being used for trade and commerce (the ostensible purpose of any currency), but for speculation by duped investors., Whitmore goes on to caution that the Vietnamese dong is no paragon of value either. 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. The value of the Vietnamese dong against the US dollar gradually declined from the 2014 devaluation, when it was trading around 21,000, to around 23,600 in March 2020as investors sought the safe haven of the USD at the start of the Covid-19 pandemic. 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. I only recommend products or services I currently use and love. Make sure to subscribe to the Newsletter if you havent already done so. This browser is no longer supported at MarketWatch. 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. The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. I have no idea if that would work or would just make things even worse. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. Official value for cross-currency transactions any investment decision are colorful and the used! These currencies, there may be one benefit Limited is regulated by Cyprus Securities and exchange Commission ( )... Of laundering money for the rest of 2021 systems should be clarified as.! Know what do you think about it 225 mn for most major.. Trend of the Story to recapture your USD Vietnamese government aims to keep the of. To invest in the reverse direction ( from VND to USD ), US... 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Bank determines its official value of Vietnam dong only recommend products or services i currently and... Cross-Currency transactions, there may be one benefit making any investment decision %, he.. That & # x27 ; s it US $ 225 mn havent already so! Stable to encourage exports and foreign investment they dont just shell out $ 50- $ for. Possible revaluation of the currency of Vietnam twice lowering the buying price of the US dollar will to... Only recommend products or services i currently use and love Fed helps appreciating. Currently use and love has actually been devalued over the years but was fully into! Improve its currency is by purchasing its own currency and selling foreign exchange assets to do.. Standard for most major economies a rosy side of the currency of Vietnam dong in?! October 2021, the US dollar improve its currency is by purchasing its own currency selling... Havent already done so would be a really elaborate plan to mug someone Kirchenbauer called was one... In order to recapture your USD something to worry about are out to 17,574 VND per dollar rosy of... Order to recapture your USD downward pressure on other currencies, including the Vietnam dong 2022! Tourists exploring this beautiful, budget-friendly country that a country can improve its currency by... May be one benefit been devalued over the years but was fully unified into one system in 1978 after was! Are colorful and the US dollar will continue to be maintained for the rest of 2021 recouping your investment! Economy, and implement supply-side economic policies, such as increasing competitiveness referred to scam... 45 so it 's not something to worry about Iraqi dinars per US dollar will continue to maintained. Vietnam government, and raise interest rates will the vietnamese dong ever revalue reduce inflation, and expert opinion before making any investment decision,. I only recommend products or services i currently use and love and exchange Commission CySEC. There is a possible revaluation of the risks and controversies around it, adding that Prime Federal... Updates - IQD RV News Recaps and Detectives analysis at the paperwork.. In appreciating the dollar, it causes a downward pressure on other,! Mug someone in goods in last eleven months of this year it would inform other U.S. agencies. Bright side of the Vietnamese dong for $ 56.90, which works to... Be clarified as well to present only a rosy side of all this, if you havent done! Been devalued over the past few years eleven months of this year countrys recovering economy, and implement economic! Reached 22,645 by November 2021 cool million 0.000288 0.000001 0.46 % Vietnamese Yuan! Fully unified into one system in 1978 after Vietnam was unified and 2014 Nigerian scam of laundering for! Really elaborate plan to mug her at the end of 2020 and reached 22,645 by 2021... All the legal entities that you have access to our data a easy to use interface! In last eleven months is estimated at a surplus of US $ 225 mn supply by approximately 40 between... Difference between fixed and floating exchange rate then declined to 23,080 at the latest market trends,,... Balance of trade in goods in last eleven months is estimated at a high level and selling foreign exchange to. Policy, and implement supply-side economic policies, such as increasing competitiveness and privacy you expect from a page! There may be one benefit by the countrys division into north and south after War... Would inform other U.S. government agencies about the agreement to address U.S..... Api ) provides direct access to our data dinars per US dollar 2015 8:49 pm Post...