will the vietnamese dong ever revalue

The currency that Vietnam uses is called the Vietnamese Dong. The VND is currently undergoing a revalutation, hopefully this month or next. That would be a really elaborate plan to mug someone. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. In 1985, the Dong was revalued. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. For 2016, the panel projects the dong to trade at 22,108 per USD. by ponyboy Thu Jul 23, 2015 7:40 am, Post Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. Iraq devalued the dinar significantly as a part of the 2021 Law and does not change. watch now. 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. Is the Iraqi dinar ever going to revalue? 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. 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). For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Your worry is how to stop her sending more and more money to these criminals. 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. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. 1 U.S. Dollar = 23,230.00 Vietnamese dong, 2 U.S. Dollar = 46,460.00 Vietnamese dong, 4 U.S. Dollar = 92,920.00 Vietnamese dong, 5 U.S. Dollar = 116,150.00 Vietnamese dong, 10 U.S. Dollar = 232,300.00 Vietnamese dong, 20 U.S. Dollar = 464,600.00 Vietnamese dong, 25 U.S. Dollar = 580,750.00 Vietnamese dong, 50 U.S. Dollar = 1,161,500.00 Vietnamese dong, 100 U.S. Dollar = 2,323,000.00 Vietnamese dong, 200 U.S. Dollar = 4,646,000.00 Vietnamese dong, 250 U.S. Dollar = 5,807,500.00 Vietnamese dong, 500 U.S. Dollar = 11,615,000.00 Vietnamese dong, 1000 U.S. Dollar = 23,230,000.00 Vietnamese dong, 2000 U.S. Dollar = 46,460,000.00 Vietnamese dong, 2500 U.S. Dollar = 58,075,000.00 Vietnamese dong, 5000 U.S. Dollar = 116,150,000.00 Vietnamese dong, 10000 U.S. Dollar = 232,300,000.00 Vietnamese dong, 20000 U.S. Dollar = 464,600,000.00 Vietnamese dong, 25000 U.S. Dollar = 580,750,000.00 Vietnamese dong, 50000 U.S. Dollar = 1,161,500,000.00 Vietnamese dong, 100000 U.S. Dollar = 2,323,000,000.00 Vietnamese dong, 200000 U.S. Dollar = 4,646,000,000.00 Vietnamese dong, 500000 U.S. Dollar = 11,615,000,000.00 Vietnamese dong, 1000000 U.S. Dollar = 23,230,000,000.00 Vietnamese dong. Will the Vietnamese dong ever revalue? Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. Similar to political stability, a strong economic environment can attract investments. What Whitmore drives home, though, that its an apples to oranges comparison. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post interest of the countrys economy. Watch out. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. At the end of the war in 1975, the South Vietnamese dong was replaced by the liberation dong (which gets my vote as the best name for a currency ever). The Vietnamese dong (VND) is the official currency of Vietnam. Analysts at Maybank noted at the end of August that USD strength has persisted for a tad longer than expected While the VNDs support from trade surplus may not be entirely relied on given weakening external demand, we like to remain constructive on the VND based on its strong economic outlook that can continue to sustain inflows (portfolio/direct investment).. Hopefully she will learn from her mistake. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. said that the price will be fixed at the current price for the next four years. 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 . Both monetary units are often referred to as scam currencies for good reason. by letsgobobby Thu Jul 23, 2015 1:01 am, Post ^^^ Leave that for the professionals (FBI, etc.). by Sheepdog Thu Jul 23, 2015 4:21 pm, Post Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. 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. Add like 3-5% and that's it. by IPer Thu Jul 23, 2015 6:57 am, Post http://www.forbes.com/sites/robertlaura mese-dong/. His lopsided reporting continued under directives to omit more and more important facts and figures. I would probably yell and scream at her if she was my mom and I was your age. 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. On the bright side of all this, if you already own these currencies, there may be one benefit. I have no idea if that would work or would just make things even worse. What affects the Vietnamese dongs value? Buy VND with Confidence. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. Get a sample report showing our regional, country and commodities data and analysis. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). by denovo Thu Jul 23, 2015 12:57 am, Post 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Forbes had an article of the scams in their 3/24/15 issue titled. 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 . 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. There's a gap between how a . 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. ***Protect. by obgyn65 Thu Jul 23, 2015 3:43 am, Post What does this even mean? The material provided on this website is for information purposes only and should not be understood as an investment advice. We offer competitive exchange rates and 0% commission on foreign currency. ~Jack Bogle. What does this even mean? 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. 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. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Re: Parent caught up in forex (vietnamese dong) scam What should I do? Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. 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 AlohaJoe Thu Jul 23, 2015 8:52 am, Post Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). What is a realistic Vietnamese dong forecast for the future? And never invest money that you cannot afford to lose. Posts: 3961. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. by corn18 Thu Jul 23, 2015 7:11 am, Post Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. 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. Consistently sets low goals and fails to achieve them. by Caduceus Sat Jul 25, 2015 7:19 am, Post nor have any pro knowledge about the market right now but most of the people older than my generation believe that vietnamese dong will lose its price overtime. Answer (1 of 2): You can type on Google. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. 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. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. 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 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. - Will Rogers. 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 . Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. The Vietnamese Dong is currently trading at about 22,700 per US Dollar. The dong has depreciated heavily against the U.S. dollar since 2005 (around 35%) so you would have lost over half your money in the dong. Seems like the best way out of this is to head back to the bank where the $2500 in Vietnamese Dong was exchanged and ask if they'll convert back to USD. Hassan Nazim said on Monday (September 6) that the price of US dollar against A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. 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. On a national scale, the World Bank and the international cooperation organization on migrants KNOMAD, forecast that the amount of remittances to Vietnam in 2021 will be US$18.1 bn, ranking 8th in the world and third in the Asia-Pacific region. At the time, this was the result of only superficial research. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. 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. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? Predictions regarding the Iraqi dinar are a good example. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. I got just under 36000 VND to 1 the other day. Create a list of the investments you want to track. Have Watchlists? Federal Budget Law to 1,450 Iraqi dinars per US dollar. Help us push digipreneurship. 1 Dong now equaled 10 Dongs of the old currency. 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 value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. What is the Dong expected to revalue at? Subscriber Agreement & Terms of Use | This was due to the country's division into north and south after World War II. 1. Privacy Notice | Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. The ng has been strongly supported by the higher trade surplus and foreign reserves, VNDirect said.. Vit Nam's exports increased by 4.7 per cent year on year in January-October despite the tightening of global trade amid the . By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Are you looking for a Vietnamese dong forecast to inform your trading? Visit a quote page and your recently viewed tickers will be displayed here. The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of the third quarter and 23,300 by the end of next year. 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. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. Capital Com is an execution-only service provider. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. What will be the value of Vietnam dong in 2022? Currencies are affected by a variety of factors. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. Theforecast for 2025 from algorithm-based forecasting service Wallet Investor was bearish on the outlook for the euro against the Vietnamese currency, predicting that the exchange rate would fall from 22,619.53 to 21,616.17 at the end of 2022. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. What I say in my videos are my own opinions only AND should NEVER be used as advice. Unless I had law enforcement watching my back. . Thanks for posting. And then actually report them. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. 00:00. Analysts have yet to issue a Vietnamese dong forecast for 2030. I am concerned about what happens in the future. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. |. 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. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. 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. 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. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. 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. Did she ever receive any bills for service? by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post Jan/12. 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. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. 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SULAIMANI Spokesperson for Iraq's federal government by nisiprius Wed Jul 22, 2015 8:24 pm, Post Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Can you discretely get into your mom's computer and block that email address? The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. by Index Fan Fri Aug 07, 2015 12:13 pm, Post Re: VND Revalued. Click on the button below to get started. The difference between trading assets and CFDs. Both monetary units are often referred to as scam currencies for good reason. Source: TradingViewPast performance is not a reliable indicator of future results. Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from "competitive devaluation" and make its . The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. For inquiries, please Contact us! I only recommend products or services I currently use and love. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such.