Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. 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. 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. In my opinion, they dont fit anywhere! 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. Help us push digipreneurship. She got off easy. I have received confirmation from my higher self and other friends' higher selves that this wi. Negosentro.com respects your privacy. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 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. Trading Economics welcomes candidates from around the world. I am concerned about what happens in the future. 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. On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post Unless you try to do something beyond what you have already mastered you will never grow. Thanks for posting. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. So I invested around 60 and if it happens this will be worth nearly a million pounds. Analysts have yet to issue a Vietnamese dong forecast for 2030. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post It will sell 21,420 dong per U.S. dollar (not including ordinary fees). Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. Will the Vietnamese Dong be Revalued Soon? New Dong Currency Update. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). Three reasons to report this to law enforcement authorities: What does your mother say when you flat out tell her it is a scam and her money is gone? Forbes had an article of the scams in their 3/24/15 issue titled. watch now. 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. interest of the countrys economy. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. Kirchenbauer goes on to say, It's difficult for most people to receive the actual value that these currencies trade at. The Vietnamese dong (VND) is the official currency of Vietnam. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. 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. Prior to this, South Vietnam was also dominated by piastre notes. Between the steep cost to obtain them, difficulty to recoup your US dollars, and extreme unlikelihood they will ever revalue at a level manipulated media suggest, I think its safe to say the dinar and dong dont belong in your portfolio since they wont help you retire early or provide your family with great wealth. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. The Vietnamese dong (VND) is the official currency of Vietnam. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. $100 was at 147,550 Iraqi dinars as of Monday afternoon. Will the Vietnamese dong revalue 2021? by Index Fan Fri Aug 07, 2015 12:13 pm, Post by fidobogo Wed Jul 22, 2015 9:26 pm, Post The only physical harm would be if she realizes it's a scam while with them, and they lose their temper over a lost Mark. The most plausible reason for the Vietnam dong to appreciate is that the demand for foreign currency is not large enough, while the supply of foreign currency is quite abundant. Answer (1 of 2): You can type on Google. Initially, I just dismissed the questions and put-off the requests, informing clients and other investors that we dont employ or recommend currency-based strategies. 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. I contribute to many blogs. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. by LadyGeek Sat Jul 25, 2015 10:19 am, Post Increases in interest rates lead to currency appreciation. This is also the lowest exchange rate in the last five years. As you can imagine, that would make those holding either currency instant millionaires overnight. Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. We have laid out our Privacy Policy and our Terms & Conditions in using this site. "Optimum est pati quod emendare non possis." 1 Dong now equaled 10 Dongs of the old currency. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. 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. Also propping up this bad strategy are the media sources reaping big advertising dollars from dealers in dinar and other exotic currencies for stories that support the idea that these securities will revalue, and soon. He also brought to light a slight problem with buy and sell economics. 2. The currency that Vietnam uses is called the Vietnamese Dong. 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. Relative economic strength can be used to forecast the direction of exchange rates. Both monetary units are often referred to as scam currencies for good reason. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. Will the Vietnamese dong ever revalue? 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. She was also kind enough to gift me a million dongs that I have no idea what to do with. Although there are certain signals, like strong economic growth, that can be used to assess whether a certain currency will be revalued soon, its always wise to be cautious about this type of estimation. It influences its strength as its associated with a change in the markets stability. Nicolas. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. losed Joint Stock Company FinTech Solutions. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. We have a plan for your needs. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. Report Save Follow. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. . What is the Dong expected to revalue at? This is an old scam which has been around at least 10 years. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. One financial expert believes that the risk to the Vietnam dong also lies in the fact that the yuan can reverse suddenly when the Fed narrows quantitative easing due to rising inflation. This currency entered the South area six years later, in 1953. by Watty Wed Jul 22, 2015 9:40 pm, Post What is a realistic Vietnamese dong forecast for the future? They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. Currently, the US dollar is standing at a high level. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post Log in to see them here or sign up to get started. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. Something went wrong while loading Watchlist. Shudder just thinking about it. 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. 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. I want to help emerging economies anyway I can. First, I removed the link in the OP's post as it may be malicious. Have Watchlists? I don't think they are out to mug her at the paperwork exchange. 5.99%. ~Jack Bogle. Standard users can export data in a easy to use web interface or using an excel add-in. The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Any further interaction is asking for trouble. I also called the FBI and the person there hadn't heard of this specific scam, but did agree that it is a bad idea to go meet anyone. 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. Your mom is lucky. Iraq devalued the dinar significantly as a part of the 2021 In fact, the cycle of inflation lasted from 1985 until the mid-nineties. These are short clips under a minute by Youtube. 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. The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. Thank you for supporting the channel. Watch out. 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. by IPer Thu Jul 23, 2015 6:57 am, Post Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. by wander Wed Jul 22, 2015 8:40 pm, Post 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. Past profits do not guarantee future profits. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. 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. It was designed to Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. If it don't go up, don't buy it. And then actually report them. 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. 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. Re: Parent caught up in forex (vietnamese dong) scam What should I do? Reply. In November this year, the US dollar climbed to a 16-month high when the US announced its highest inflation rate in the last thirty years. PEO vs Staffing Agencies: Which Is Right for Your Business? ***Protect. 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! by denovo Thu Jul 23, 2015 12:57 am, Post The Trading Economics Application Programming Interface (API) provides direct access to our data. 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 . When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Will the Vietnamese Dong be Revalued Soon? If banks in the US choose to trade them, they make the spreads very wide so that they can make a large enough profit to justify the potential holding period., Scott Smith, Senior Market Analyst for Cambridge Global Payments highlighted another reality facing investors in these currencies. 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. Personally, I think were only in the first or second stage of this losing strategy. 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). They dont just shell out $50-$60 for a cool million. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. How old is your mother? |. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). by Nicolas Fri Jul 24, 2015 7:02 pm, Post 2. The thumbprint is a nice touch. by Nicolas Fri Jul 24, 2015 11:21 pm, Post A brief history of the dong. 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. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. It follows a sharp rise in US interest rates and weakening global demand prospects, which have increased the risk of capital outflows and contributed to downward pressure on the Vietnamese dong, although the currency has weakened by less against the US dollar than many other APAC currencies this year,. 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. Past performance is no guarantee of future results. Below, you'll find Vietnamese Dong rates and a currency converter. There are no signs that Iraq may revalue the dinar in the immediate future. by spectec Fri Aug 07, 2015 3:13 pm, Post For 2016, the panel projects the dong to trade at 22,108 per USD.
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