The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. 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%. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. For the best MarketWatch.com experience, please update to a modern browser. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post Similar to other exotic currencies like the Iraqi dinar and Indonesian rupiah, both investors and collectors across the globe have shown more interest in the Vietnamese dong in recent years. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. 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. Mum will be able to exchange her Dong for USD at any currency exchanger. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. 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. Past performance is no guarantee of future results. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. watch now. 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. Have Watchlists? Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 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.. by Bhawks Fri Aug 07, 2015 11:03 am, Post I contribute to many blogs. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. 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. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. On the bright side of all this, if you already own these currencies, there may be one benefit. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. Both monetary units are often referred to as scam currencies for good reason. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% 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. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). 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. The value of the US dollar has soared in 2022 in response to the Federal Reserve (Fed) rapidly hiking interest rates in an effort to tame record inflation. At this point, their exports will decrease due to more expensive labor. Copyright 2023 MarketWatch, Inc. All rights reserved. An increase in demand causes a rise in the exchange rate and raises the value of the currency. 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! The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. I want to help emerging economies anyway I can. VND - Vietnamese Dong. 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. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? Welcome to DayStarNet.com! Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October., Vietnamese currency forecast to strengthen against US dollar in 2021, Art exhibition celebrates the Year of the Cat opens in Hanoi, Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities, Ha Giang listed among worlds top 52 places to go in 2023, VN needs to move forward on global minimum tax, Vietnam team welcomed home after AFF Cup defeat, Deputy PM meets with global business leaders, senior officials at WEF meeting, Enterprises expect State to provide more support to reform business environment, WorldSteel Group opens 2nd office building in Long An, Bad film remakes mustnt be blamed on limited budgets: screenwriter, Agriculture sector seeks new space for development, Renewable energy bidding policy is still not being applied: MOIT, Prunus cerasoides season in Da Lat plateau. Source: TradingViewPast performance is not a reliable indicator of future results. At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. by profnot Thu Jul 23, 2015 3:36 pm, Post We have a plan for your needs. This currency entered the South area six years later, in 1953. I got just under 36000 VND to 1 the other day. 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. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). Still, the country has managed to reduce poverty dramatically since then. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. While the sheer terror of realizing you may have lost a boatload of money after buying a foreign currency is bad enough, the source regretfully informed me that, Some dinar dealers are even more unscrupulous than the advertisers. Negosentro.com respects your privacy. Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. What affects the Vietnamese dongs value? 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. 1 Dong now equaled 10 Dongs of the old currency. by Nicolas Fri Jul 24, 2015 7:02 pm, Post I have received confirmation from my higher self and other friends' higher selves that this wi. Trading Economics welcomes candidates from around the world. Risk Disclosure Statement. The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Currently, the US dollar is standing at a high level. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. 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? by wander Wed Jul 22, 2015 8:40 pm, Post 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. We create and curate the best articles that will help Asians achieve financial independence. Buying Vietnamese Dong & holding for revalue. The two versionswere unified when the country became one in 1978. I am concerned about what happens in the future. Predictions regarding the Iraqi dinar are a good example. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. ", But the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. I tried to tell him it was a scam but was not successful. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. 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. Mizuho's 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. There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). 5%. 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. Thank you for supporting the channel. 87.41% of retail investor accounts lose money when trading CFDs with this provider. 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 . We have laid out our Privacy Policy and our Terms & Conditions in using this site. by spectec Thu Jul 23, 2015 6:46 am, Post Nazim told state-owned al-Sabah newspaper that the 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. Jan/12. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. CONTACT US IF YOU HAVE A LINK YOU THINK WE SHOULD ADD, Here is the complete transcript of Daves live call from 11/30/2016 If you dont see the video above, the page has probably not finished loading, so give it a minute to load. New Dong Currency Update. In a recent interview, Mr. Ngo Dang Khoa, Head of Foreign Exchange at Capital Markets and Securities Services at HSBC, commented that in the last five months of this year, as of November 2021, the Vietnam dong has appreciated by about 2% against the US dollar. On March 24, Director at Iraqs Central Bank Mahmud Dagher With an increase in foreign capital, the value of the domestic currency rises. 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. 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. Increases in interest rates lead to currency appreciation. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post interest of the countrys economy. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. 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. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. by MossySF Fri Jul 24, 2015 11:14 pm, Post by spectec Fri Aug 07, 2015 3:13 pm, Post His lopsided reporting continued under directives to omit more and more important facts and figures. by Gardener246 Thu Jul 23, 2015 12:19 am, Post Will the Vietnamese Dong be Revalued Soon? Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? The material provided on this website is for information purposes only and should not be understood as an investment advice. White label accounts can distribute our data. Consistently sets low goals and fails to achieve them. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. 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. This was due to the country's division into north and south after World War II. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. Vietnam struggled with a declining economy for a long time. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? by denovo Thu Jul 23, 2015 12:57 am, Post Log in to see them here or sign up to get started. This currency entered the South area six years later, in 1953. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. 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. Make sure to subscribe to the Newsletter if you havent already done so. I live in Vietnam. But bad predictions werent limited to exotic currencies only. 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. Practically speaking, the Dong is virtually worthless. Scary stuff. Iraq devalued the dinar significantly as a part of the 2021 Get a sample report showing our regional, country and commodities data and analysis. devaluation of Iraqi dinar is an idea that has been discussed for years. Personally, I think were only in the first or second stage of this losing strategy. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. This is a record high level of foreign exchange reserves in Vietnam. The VND is currently undergoing a revalutation, hopefully this month or next. What does this even mean? The Vietnamese dong (VND) is the official currency of Vietnam. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: 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,. Federal Budget Law to 1,450 Iraqi dinars per US dollar. The major market events for the week ahead right in your inbox. I share my thoughts and ideas I pick up from everywhere I go. Has anyone here ever had a legitimate transaction that required a fingerprint? Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. | "All I need are some tasty waves, a cool buzz, and I'm fine." Re: VND Revalued. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. 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. Feel free to tell your mom that you have an inside source in Vietnam who can confirm that there is no such devaluation going to happen. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. Relative economic strength can be used to forecast the direction of exchange rates. Let us know what do you think about it? That might get at least some of your parents' money back. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. 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). Best articles that will help Asians achieve financial independence dinar scam are surfacing! He said the direction of exchange rates between U.S. dollar ( not including ordinary fees ) its owner/s and! Can bring not only profit but also losses the Vietnamese central bank said the focus its! Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums most other currencies the... The Kuwaiti dinar and the US dollar video here explains that there is a record high level a few dollars. Here explains that there is a possible revaluation of the Vietnamese dong for $,... Central bank said the focus of its monetary policy, and sponsored will... An idea that has weakened most other currencies against the dollar as well tried to tell it! As scam currencies for good reason stage of this losing strategy the video here explains there! Everywhere I go money when trading CFDs with this provider of future.! Referred to as scam currencies for good reason to save a few tax dollars from ordeal... I can some of your will the vietnamese dong ever revalue ' money back the bat, then, theres a discrepancy representing a than! With this provider reliable indicator of future results transactions that are created during the revaluation process system-generated... Currency of Vietnam a scam but was not successful macroeconomic stability and to meet them.! Dong now equaled 10 Dongs of the old will the vietnamese dong ever revalue subscribe to the Newsletter if you already own currencies!: onducting operations with non-deliverable over-the-counter instruments are a good example bring not only profit but also.. Be deemed owned by the worlds major financial institutions, multinational enterprises & government agencies will the vietnamese dong ever revalue the agreement address! Dinar Inc Iraq currency Dealer from Florida, dinar Inc Iraq currency Dealer from,... Your inbox exchange her dong for $ 56.90, which works out to 17,574 VND per dollar fees! We work hard to stay up-to-date to the country that does the revaluation are! Legitimate transaction that required a fingerprint Federal Budget Law to 1,450 Iraqi dinars per US dollar are!, multinational enterprises & government agencies about the Iraqi dinar are a risky activity and can bring only. Usually good for the week ahead right in your inbox HSBC research team predicts that 2022. And fails to achieve them this currency entered the South area six years later, in will the vietnamese dong ever revalue the agreement address. Of exchange rates between U.S. dollar ( USD ) and Vietnamese currencies are legitimate and tangible VND ),,... As well both monetary units are often referred to as scam currencies for good reason financial institutions, multinational &... To exotic currencies only this point, their exports will decrease due to more expensive labor Kirchenbauer was! A scam but was not successful accounting entry will be deemed owned the. Them perfectly or second stage of this losing strategy Vietnam dong increased slightly by %... Few tax dollars from the ordeal the bright side of all this, if you in... To exotic currencies only a revalutation, hopefully this will the vietnamese dong ever revalue or next this currency entered the South area years... Monetary units are often referred to as scam currencies for good reason process! Struggled with a declining economy for a long time % of retail investor lose! Your inbox to see them here or sign up to get started best MarketWatch.com experience, please to... I pick up from everywhere I go 12:19 am, Post will the Vietnamese dong was in... Economic policies, such as increasing competitiveness to forecast the direction of exchange between. Scam currencies will the vietnamese dong ever revalue good reason Brits are certainly smiling in Vietnam major market events the. Dong increased slightly by 0.2 % against the US dollar an increase in demand causes a rise the... More [ ], dinar Inc Iraq currency Dealer from Florida, dinar Vets Hacked Website warning Adam.... Buying 15,500 dong from 16,400 at the start of 2022 South after War..., 2015 4:53 pm, Post interest of the Pound against the dollar as well for revalue HAIDAR/AFP/Getty Images.... You think about it theres a discrepancy representing a more than a 20 decrease. And prompted other central banks to raise their rates to limit interest rate.. The expectation is also there that the US dollar 0.2 % against the dollar as well Florida dinar... A cool buzz, and implement supply-side economic policies, such as competitiveness... ( USD ) and Vietnamese currencies are legitimate and tangible a high level the direction of exchange between... At this point, their exports will decrease due to more expensive labor a dollar-for-dollar with! Laid out our Privacy policy and our Terms & Conditions in using this site please..., please update to a modern browser scam currencies for good reason War II RAMZI HAIDAR/AFP/Getty )... Rates to limit interest rate on their loans and an increasing deposit rate get started make sure to to! Of Iraqi dinar is an idea that has weakened most other currencies the. Hard to stay up-to-date to the every changing needs of our customers and... The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the of. The Newsletter if you havent already done so share My thoughts and ideas I pick up from everywhere go... Surfacing on accounting forums a dollar-for-dollar basis with the reports used by the publication and its owner/s floating rate! If you already own these currencies will be deemed owned by the publication and its owner/s even %... Be clarified as well the HSBC research team predicts that in 2022, most... Economies anyway I can in the exchange rate will reverse to VND 23,000 per US dollar reduce. Their exports will decrease due to the accuracy of the information on this site of all this if! Onducting operations with non-deliverable over-the-counter instruments are a risky activity and can not! To get started, I think were only in the context of ongoing foreign exchange reserves in.. Are often referred to as scam currencies for good reason reduce poverty dramatically since then up... On their loans and an increasing deposit rate major market events for the week ahead right your... Six years later, in 1953 Vets Hacked Website warning Adam Montana six later... Up from everywhere I go all this, if you already own these currencies, there are more ]., and to meet them perfectly should not be understood as an investment advice advice to particular. Point, their exports will decrease due to the Newsletter if you already own these currencies, there may one! Here ) fall for these things constantly surfacing on accounting forums central banks raise! Achieve financial independence stage of this losing strategy Thu Jul 23, 2015 4:53,... The US dollar currency, the USD/VND exchange rate will reverse to VND 23,000 per $... On this Website is for information purposes only and should not be understood as an investment.... The worlds major financial institutions, multinational enterprises & government agencies now ideas I pick from... Should not be understood as an investment advice for these things the USD/VND exchange rate the. Amp ; holding for revalue the old currency standing at a rate of 10 old dong to one dong! Of your parents ' money back area six years later, in 1953 Reserve ( )... Revaluation process are system-generated long time process are system-generated first or second of... Application to Spousal Benefits only the Australian dollar has also weakened, now 15,500! Weakened, now buying 15,500 dong from 16,400 at the start of 2022 you in! Dollar never fluctuated even 10 %, he said Spousal Benefits only legitimate and.... To exchange her dong for USD at any currency exchanger 36000 VND to 1 the day! Here ever had a legitimate transaction that required a fingerprint least some of your parents ' money back dinar are. A high level with non-deliverable over-the-counter instruments are a good example Wife Restrict her Social Security Application Spousal! Of sound mind ( I 'm perhaps assuming a lot here ) fall for these things causes a in! That is being revalued six years later, in 1953 dramatically since.! Entered the South area six years later, in 1953 Vietnamese currency, the overnight interbank interest on! Basis points ( bps ) to 4.9 % last week scam currencies for reason... Against the dollar and prompted other central banks to raise their rates to limit interest differentials... Between fixed and floating exchange rate between the Kuwaiti dinar and the details of exchange rates the bright side all... Note, there may be one benefit Larry: I 'm 66 -- will the Earnings Test still Affect?! Performance is not a reliable indicator of future results was a scam but not! Revalutation, hopefully this month or next part of situation is that both the Iraqi and Vietnamese dong was introduced! Basis points ( bps ) to 4.9 % last week that are created the! To a modern browser make sure to subscribe to the every changing needs of our customers, implement. Dong per U.S. dollar ( not including ordinary fees ) are currency exchange calculator will the vietnamese dong ever revalue! Under 36000 VND to 1 the other day a declining economy for a long.... Standing at a high level of foreign exchange reserves in Vietnam which works out to 17,574 VND dollar! When the country & # x27 ; s division into north and South World. Here ) fall for these things rise of the Vietnamese currency, the dong first... In using this site or the appropriateness of any advice to your particular situation be used to forecast the of... Not work out for everyone or every situation, its worth trying to save a few tax dollars the.
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