Unless I had law enforcement watching my back. 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. These are short clips under a minute by Youtube. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. In my opinion, they dont fit anywhere! The major market events for the week ahead right in your inbox. Will the Vietnamese Dong RV Revalue? Both monetary units are often referred to as scam currencies for good reason. Will the Vietnamese Dong be Revalued Soon? At the time of writing (30 September), the Vietnamese dong forecast from data aggregator Trading Economics indicated that the USD/VND pair could rise to 24,005.70 in one year, from 23,775.80 at the end of Q3 2022, based on global macro model projections and analysts expectations. 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. The current documents are available from Pacer via this link https://ecf.gand.uscourts.gov/cgi-bin/mobile_query.pl?search=dktEntry&caseid=218667&caseNum=1:15-cv-02677-LMMyou must be REGISTERED to access them. Scary stuff. I just saw the whole thing about going to do anther state, now it's a safety issue too. How old is your mother? You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. I don't think they are out to mug her at the paperwork exchange. I am concerned about what happens in the future. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. Standard users can export data in a easy to use web interface or using an excel add-in. Here is the video I created as I did my YouTube livestream. Trading Economics welcomes candidates from around the world. 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. As you say AL it would be better if they stripped those darn noughts out. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. devaluation of Iraqi dinar is an idea that has been discussed for years. As a matter of fact, the Dong was . The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. Tue, Dec 22 2020 2:50 AM EST. preserve Iraqs dollar reserves and allow the government to spend more Iraqi Will the Vietnamese dong revalue 2021? What does this even mean? However, it should be known that the currency of Vietnam has actually been devalued over the past few years. His lopsided reporting continued under directives to omit more and more important facts and figures. (Ralph Waldo Emerson). With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. Why is Vietnam dong so low? I live in Vietnam. Prepare to run foreign currency revaluation. Mum will be able to exchange her Dong for USD at any currency exchanger. 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 . The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. by ralph124cf Wed Jul 22, 2015 8:25 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. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. And never invest money that you cannot afford to lose. 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. 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. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post 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. 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. The two versionswere unified when the country became one in 1978. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Will the Vietnamese Dong RV Revalue? If you rely on the information on this page then you do so entirely on your own risk. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Yes, very nice for foreigners. Watch out. 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 believe the State Bank of Vietnams attention to these issues over time not only will address Treasurys concerns, but also will support the further development of Vietnams financial markets and enhance its macroeconomic and financial resilience," Yellen said in the statement. At this point, their exports will decrease due to more expensive labor. Log in to see them here or sign up to get started. 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. 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. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. The banks 2023 GDP forecast was downgraded to 6% from 6.4%, based on the rising probability of US recession that could reduce US demand for Vietnamese goods. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post This year, Vietnam received a substantial flow of remittances. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. 1 Dong now equaled 10 Dongs of the old currency. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Nazim told state-owned al-Sabah newspaper that the The currency code for Dongs is VND, and the currency symbol is . On top of all that, try finding someone to sell that currency to in order to recapture your USD. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. 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. First, I removed the link in the OP's post as it may be malicious. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 3 Reasons Why Aluminum is a Better Fencing Material than Wood. 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. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. watch now. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. I have no idea if that would work or would just make things even worse. 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. | "All I need are some tasty waves, a cool buzz, and I'm fine." by Nicolas Fri Jul 24, 2015 11:21 pm, Post Today, its the Iraqi dinar scams that are overflooding the market. Unless you try to do something beyond what you have already mastered you will never grow. The Pareto Principle: How To Use The 80/20 Rule To Retire Earlier, When Social Security Sues A 6-Year-Old Orphan Over Its Own Mistake. Copyright 2023 MarketWatch, Inc. All rights reserved. How Can a Country Increase the Value of Its Currency? Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. However, he found the exchange rate much higher at Vietnams Agribank. Be Wary of the Misleading Claims about Revaluation, Cause Marketing | Corporate Social Responsibility, SFMC Journey Builder Best Practices to Vouch For [Infographic], WB Trading Review Of What Makes A Great Day Trader, RDFFLFI or RDF Feed, Livestock & Foods, Inc. is Hosting Training Establishment of UPLB, Using a Blockchain PR Agency to Promote Your Crypto Project. 87.41% of retail investor accounts lose money when trading CFDs with this provider. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. 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. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. 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. API users can feed a custom application. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. 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. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. 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. We do not make any representations or warranty on the accuracy or completeness of the Pound the... What happens in the future Jul 23, 2015 9:04 pm, Post Today its... 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