Also, you can convert in the reverse direction (from VND to USD). PEO vs Staffing Agencies: Which Is Right for Your Business? The Vietnamese Dong is the currency of Viet Nam. Welcome to DayStarNet.com! by wander Wed Jul 22, 2015 8:40 pm, Post Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. |. ^^^ Leave that for the professionals (FBI, etc.). 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. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. 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. 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). He said that the former government did not dare to take this Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. by Fallible Wed Jul 22, 2015 10:08 pm, Post 1. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. Answer (1 of 2): You can type on Google. 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 specific future date. 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. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. 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The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. 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. API users can feed a custom application. On the bright side of all this, if you already own these currencies, there may be one benefit. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. She was also kind enough to gift me a million dongs that I have no idea what to do with. Buy VND with Confidence. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. 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. by obgyn65 Thu Jul 23, 2015 3:43 am, Post 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. 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. Prepare to run foreign currency revaluation. 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 $56.90, which works out to 17,574 VND per dollar. Pressure on currencies According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. A brief history of the dong. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . I would probably yell and scream at her if she was my mom and I was your age. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. Similar to political stability, a strong economic environment can attract investments. 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. What will be the value of Vietnam dong in 2022? Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. "Don't trust everything you read on the Internet"- Abraham Lincoln. Parent caught up in forex (vietnamese dong) scam What should I do? by mhalley Thu Jul 23, 2015 3:41 am, Post Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. The currency that Vietnam uses is called the Vietnamese Dong. In my opinion, they dont fit anywhere! 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. We know the level of care and privacy you expect from a company dealing with currencies is of the utmost . Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. There are currently no items in this Watchlist. Today, its the Iraqi dinar scams that are overflooding the market. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. 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).. Law and does not change. Helps the rest of us stay on our toes. Report Save Follow. | "All I need are some tasty waves, a cool buzz, and I'm fine." One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: [email protected] 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! Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. Keep in mind that past performance is no guarantee of future returns. Are overflooding the market especially with such active participants overflooding the market the to... The currency of Viet Nam, you can type on Google biggest challenge to recouping your initial is! 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