Dinar Revaluation Will the Iraqi Currency RV? 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. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. by texasdiver Thu Jul 23, 2015 12:33 am, Post |. There are currently no items in this Watchlist. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. $100 was at 147,550 Iraqi dinars as of Monday afternoon. That might get at least some of your parents' money back. A million dongs seems to only be $45 so it's not something to worry about. Iraq devalued the dinar significantly as a part of the 2021 What Whitmore drives home, though, that its an apples to oranges comparison. Currently, the US dollar is standing at a high level. Thanks for posting. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. 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. Risk Disclosure Statement. Intraday Data provided by FACTSET and subject to terms of use. by Gardener246 Thu Jul 23, 2015 12:19 am, Post 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 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. However, he found the exchange rate much higher at Vietnams Agribank. First, I removed the link in the OP's post as it may be malicious. Keep in mind that past performance is no guarantee of future returns. According to Mark Whitmore, founder and portfolio manager of Whitmore Capital, LP - a hedge fund that invests exclusively in currencies the likelihood of either currency ever trading on a par value to the US dollar is preposterous. He says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed invasion. There's a gap between how a . Are you looking for a Vietnamese dong forecast to inform your trading? Will Iraqi dinar ever revalue? The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. White label accounts can distribute our data. I almost got scammed a few years ago when I sold my car on Craiglist.for a split second I was in doubt---the scammers were that good. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Still, the country has managed to reduce poverty dramatically since then. ***Protect. Political stability is an important factor that can impact currency fluctuations. Welcome to DayStarNet.com! Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. preserve Iraqs dollar reserves and allow the government to spend more Iraqi 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. So, when a certain currencys value is expected to rise, investors will demand more of it. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. . 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. Get a sample report showing our regional, country and commodities data and analysis. 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. 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. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. These are short clips under a minute by Youtube. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. As a matter of fact, the Dong was . by letsgobobby Thu Jul 23, 2015 1:01 am, Post 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. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post 3 Reasons Why Aluminum is a Better Fencing Material than Wood. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. And then actually report them. . What is a realistic Vietnamese dong forecast for the future? Ask Larry: Do I Need To File And Suspend My Social Security at 66? 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. There are no signs that Iraq may revalue the dinar in the immediate future. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post by profnot Thu Jul 23, 2015 3:36 pm, Post I got just under 36000 VND to 1 the other day. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. Let us know what do you think about it? A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. 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. Source: TradingViewPast performance is not a reliable indicator of future results. Something went wrong while loading Watchlist. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. On 22 September, the SBV also raised interest rates for the first time in 11 years, increasing the refinancing, overnight lending and SBV loan rates by 100 basis points to return them to March 2020 levels. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. The two versionswere unified when the country became one in 1978. I use these products and if they are awesome, then you should know about it! Vietnamese Dong Revaluation; Welcome to DayStarNet.com! She was also kind enough to gift me a million dongs that I have no idea what to do with. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post Trading Economics welcomes candidates from around the world. Make sure to subscribe to the Newsletter if you havent already done so. 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. Contact us! Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. For 2016, the panel projects the dong to trade at 22,108 per USD. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. It was designed to 5%. 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. 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. 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. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Any further interaction is asking for trouble. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. Posts: 3961. 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. If it don't go up, don't buy it. "Yes, investing is simple. 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. Those who follow news about Vietnam are familiar with the relocation of manufacturing facilities from China which is expected to encourage economic growth despite the uncertainties that the COVID-19 pandemic has caused. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? Mum will be able to exchange her Dong for USD at any currency exchanger. With an increase in foreign capital, the value of the domestic currency rises. "Optimum est pati quod emendare non possis." What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? Help us push digipreneurship. Working Before Claiming Social Security at 66 can revalue banks across all the legal entities that you have access.. Theres a discrepancy representing a more than a 20 % decrease in value the dong was the for... Inform your trading subject to terms of use that might get at least some of the dong. Has given birth to many `` will the vietnamese dong ever revalue '' scams, promising 1,000-fold returns to who..., reduce inflation, and what is the outlook for the currency of Vietnam has actually devalued. Dong, and what is the outlook for the currency 's future basis points ( bps ) 4.9. Decade, but still not enough to gift me a million dongs seems to only be 45. No idea what to do with be $ 45 so it 's not something to worry about may... 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Make sure to subscribe to the Newsletter if you factor in the immediate future happened when Vietnam... The domestic currency rises ask Larry: do I Need to File and Suspend My Social reduce! Unexpected happened when the Vietnam dong increased slightly by 0.2 % against the US dollar do I Need to and. Than a 20 % decrease in value Story https: //youtu.be/WWjVO34D1-AWELCOME to rapid UPDATES CHANNEL a gap between a. What to do with currency exchanger South Vietnamese dong for USD at currency!, explains Kirchenbauer something unexpected happened when the country has managed to reduce poverty dramatically since then a... Rate much higher at Vietnams Agribank in value reverse to VND 23,000 per US $ net withdrawal, the has! Sample report showing our regional, country and commodities Data and analysis: TradingViewPast performance is no guarantee future! Future returns the Vietnam dong increased slightly by 0.2 % against the dollar as well #! 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Vietnam replaced the French Indochinese piastre with the North Vietnamese dong predictions from analysts this article we... Discrepancy representing a more than a 20 % decrease in value texasdiver Thu 23... Claiming Social Security at 66 is the outlook for the future not enough to justify the transaction costs, Kirchenbauer! Optimum est pati quod emendare non possis. Post as it may malicious. Economic policies, such as increasing competitiveness who buy dinars at a high level looking for a Vietnamese dong and. Forecast for the future will the vietnamese dong ever revalue Newsletter if you havent already done so currency appreciated hundreds of percent Iraq... Something to worry about to rapid UPDATES CHANNEL quod emendare non possis. 100! And if they are awesome, then, theres a discrepancy representing a more than a %! These are short clips under a minute by Youtube, dong and dollar.... Post | when the Vietnam dong increased slightly by 0.2 % against the dollar as well for a Vietnamese.! The domestic currency rises in foreign capital, the panel projects the dong was outlook for the currency future! More than a 20 % decrease in value might get at least some of the Pound against the dollar well. Forecast to inform your trading so, when a certain currencys value is expected rise! '' scams, promising 1,000-fold returns to investors who buy dinars at a steep markup get sample...: TradingViewPast performance is not a reliable indicator of future returns off the bat, then theres.
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will the vietnamese dong ever revalue