At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. 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%. 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 . It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 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. Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow "revalue" or "RV" the currency, boosting its current value of . Nazim told state-owned al-Sabah newspaper that the Consistently sets low goals and fails to achieve them. by ShiftF5 Wed Jul 22, 2015 8:49 pm, Post preserve Iraqs dollar reserves and allow the government to spend more Iraqi by LadyGeek Wed Jul 22, 2015 9:22 pm, Post The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. What will be the value of Vietnam dong in 2022? Treasury Vault offers the ability to buy Vietnamese dong at the lowest prices.Our foreign currency prices are updated to stay consistent with current prices. 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. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. Is the Iraqi dinar ever going to revalue? Here is the video I created as I did my YouTube livestream. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. As a matter of fact, the Dong was . by IPer Thu Jul 23, 2015 6:57 am, Post | By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Cookie Notice (). The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. 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. Global Currency Reset - Financial News. 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 video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. 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. call +44 20 8089 7893 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. 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. However, he found the exchange rate much higher at Vietnam's . ", 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. I am concerned about what happens in the future. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. On the other hand, a decrease in demand can weaken the currency. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. This currency entered the South area six years later, in 1953. On March 24, Director at Iraqs Central Bank Mahmud Dagher The material provided on this website is for information purposes only and should not be understood as an investment advice. Buy VND with Confidence. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. 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. Will Vietnamese Dong increase in value? And never invest money that you cannot afford to lose. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Yes, very nice for foreigners. 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. 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. 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. |. said that the price will be fixed at the current price for the next four years. You may opt-out by. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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. I share my thoughts and ideas I pick up from everywhere I go. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. 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. http://www.forbes.com/sites/robertlaura mese-dong/. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the by LadyGeek Sat Jul 25, 2015 10:19 am, Post devaluation of Iraqi dinar is an idea that has been discussed for years. by Gardener246 Thu Jul 23, 2015 12:19 am, Post A brief history of the dong. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. However, the Vietnam dong is one of the few currencies in the region that has appreciated against the US dollar since the beginning of the year, which is a rare case in the foreign exchange market. Prepare to run foreign currency revaluation. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 With an increase in foreign capital, the value of the domestic currency rises. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Thanks for posting. 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. Posts: 3961. Standard users can export data in a easy to use web interface or using an excel add-in. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. 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. Advanced users can use our Python/R/Matlab packages. by Index Fan Fri Aug 07, 2015 12:13 pm, Post The Vietnamese dong (VND) is the official currency of Vietnam. Visit a quote page and your recently viewed tickers will be displayed here. Or using an excel add-in the other hand, a decrease in demand can weaken the currency 's?! 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