00:00. Subscriber Agreement & Terms of Use | 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! Learn also about the latest attempts on Putin and by whom. by Caduceus Sat Jul 25, 2015 7:19 am, Post Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. Today, its the Iraqi dinar scams that are overflooding the market. 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. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. There are currently no items in this Watchlist. But bad predictions werent limited to exotic currencies only. Has anyone here ever had a legitimate transaction that required a fingerprint? Currently, the US dollar is standing at a high level. H NI The Vietnamese Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. - Will Rogers. It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. This was due to the countrys division into north and south after World War II. Reply. Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. by obgyn65 Thu Jul 23, 2015 3:43 am, Post By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. 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. You may opt-out by. Buy VND with Confidence. Prepare to run foreign currency revaluation. Currently, the US dollar is standing at a high level. You should do your own research to develop a view of the currency as an investment. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. 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. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. 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. A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. by Nicolas Fri Jul 24, 2015 11:21 pm, Post 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. by Gardener246 Thu Jul 23, 2015 12:19 am, Post Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Jan/12. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. At this point, their exports will decrease due to more expensive labor. This year, Vietnam received a substantial flow of remittances. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. Capital Com is an execution-only service provider. So I invested around 60 and if it happens this will be worth nearly a million pounds. 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. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. |. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. Increases in interest rates lead to currency appreciation. I don't think they are out to mug her at the paperwork exchange. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. The major market events for the week ahead right in your inbox. He said that the former government did not dare to take this The Vietnamese Dong is the currency of Viet Nam. by TimeRunner Thu Jul 23, 2015 8:04 am, Post Will the Vietnamese Dong be Revalued Soon? However, after a recent question about another foreign currency, the Vietnamese dong, I felt it was time to truly dig into whats going on and write the definitive article on where these currency strategies fit into both retirement and overall investment portfolios. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. PEO vs Staffing Agencies: Which Is Right for Your Business? White label accounts can distribute our data. watch now. Scratch that. 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. by easye418 Thu Jul 23, 2015 3:45 pm, Post by denovo Thu Jul 23, 2015 1:02 am, Post Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. I want to help emerging economies anyway I can. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post 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. That might get at least some of your parents' money back. 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. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post As you can imagine, that would make those holding either currency instant millionaires overnight. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. In my opinion, they dont fit anywhere! Political stability is an important factor that can impact currency fluctuations. What Whitmore drives home, though, that its an apples to oranges comparison. Relative economic strength can be used to forecast the direction of exchange rates. 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. Post The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. 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. These videos are for entertainment purposes only. Looking forward, we estimate it to trade at 22950.00 in 12 months time. 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. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. 0.0007. Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. On a national scale, the World Bank and the international cooperation organization on migrants KNOMAD, forecast that the amount of remittances to Vietnam in 2021 will be US$18.1 bn, ranking 8th in the world and third in the Asia-Pacific region. Will Iraqi dinar ever revalue? $100 was at 147,550 Iraqi dinars as of Monday afternoon. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. Will the Vietnamese dong revalue 2021? 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 expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. 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. by IPer Thu Jul 23, 2015 6:57 am, Post by JW-Retired Wed Jul 22, 2015 8:53 pm, Post Theyre usually lured into buying tens of millions in foreign currency in hopes of spectacular wealth, only to be left holding money that isnt worth the paper its printed on. 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. Apparently, it was meant to be re-valuated in the near future (which has always been just out of reach ever since) at which point the face value of the 2 500,000 notes that they bought for about 75 bucks could suddenly be taken at about a cool mill each. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. What are the advantages of position analysis questionnaire? New Dong Currency Update. Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. 87.41% of retail investor accounts lose money when trading CFDs with this provider. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. This is a BETA experience. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post 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%. However, he found the exchange rate much higher at Vietnams Agribank. Scores of people have purchased Iraqi dinars from fast-talking promoters and online currency dealers promising windfall profitssome predicting as much as 1,000 times their original investmentwhen the currency is revalued. Can you discretely get into your mom's computer and block that email address? Predictions regarding the Iraqi dinar are a good example. He also brought to light a slight problem with buy and sell economics. 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 Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. I reached out to several currency exerts to help me explain the ins and outs of this ridiculous business in an effort to help retirees and other investors avoid falling victim to this and similar currency scams going forward. Why is Vietnam dong so low? For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. This is also the lowest exchange rate in the last five years. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . 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. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post 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).. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. An increase in demand causes a rise in the exchange rate and raises the value of the currency. Will the Vietnamese Dong be Revalued Soon? Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: 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. 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. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Re: Parent caught up in forex (vietnamese dong) scam What should I do? Questions. Click on the button below to get started. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? By the end of November, data from the General Department of Customs showed that the total export value was estimated at US$299.67 bn, up by 17.5%, and the total import value was estimated at US$299.45 bn, up by 27. "Optimum est pati quod emendare non possis." 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. Nicolas. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post Nazim told state-owned al-Sabah newspaper that the 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. Some people you can't help. by fidobogo Wed Jul 22, 2015 9:26 pm, Post In such regimes, the official value of the currency can be altered only via a decision by the countrys government. 2. ~Jack Bogle. Learn also about the latest attempts on Putin and by whom. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. devaluation of Iraqi dinar is an idea that has been discussed for years. 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. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. I only recommend products or services I currently use and love. Make sure to subscribe to the Newsletter if you havent already done so. Will the Vietnamese Dong RV Revalue? Re: VND Revalued. SULAIMANI Spokesperson for Iraq's federal government by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post 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. 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. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. 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. 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. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. losed Joint Stock Company FinTech Solutions. Will the Vietnamese Dong be Revalued Soon? And this will crossover to any strategy you ever learn! A currency revaluation increases the value of a currency in relation to other currencies. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. And never invest money you cannot afford to lose.
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