It was designed to Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. 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). $2500 isnt that much to get scammed. Welcome to DayStarNet.com! Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. API users can feed a custom application. Contact us! Are you looking for a Vietnamese dong forecast to inform your trading? Risk Disclosure Statement. Trading Economics welcomes candidates from around the world. 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. Now, lets dive deeper into what currency revaluation is and what are its main drivers. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post by barnaclebob Wed Jul 22, 2015 9:26 pm, Post Log in to see them here or sign up to get started. step because of the risks and controversies around it, adding that Prime Minister The unrealized gain or loss transactions that are created during the revaluation process are system-generated. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post So I invested around 60 and if it happens this will be worth nearly a million pounds. 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. The currency that Vietnam uses is called the Vietnamese Dong. 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. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Will the Vietnamese Dong be Revalued Soon? Law and does not change. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. 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. Helps the rest of us stay on our toes. Predictions regarding the Iraqi dinar are a good example. 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,. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. I would probably yell and scream at her if she was my mom and I was your age. 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. 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! devaluation of Iraqi dinar is an idea that has been discussed for years. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. In my opinion, they dont fit anywhere! Jan/12. 5%. 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). What will be the value of Vietnam dong in 2022? - Will Rogers. Our advertising, sponsored posts and advertorial rates are in US Dollars. ", 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. Historical and current end-of-day data provided by FACTSET. How old is your mother? A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. by letsgobobby Thu Jul 23, 2015 1:01 am, Post Currently, the US dollar is standing at a high level. by spectec Fri Aug 07, 2015 3:13 pm, Post When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. 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. Please like this video!Join . Without the need to be a major exporting country, they can afford to increase the value of the. However, message me below in the comments and I will post some of them. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." And this will crossover to any strategy you ever learn! Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. 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 increase. 1. 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. 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. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. 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. Also, you can convert in the reverse direction (from VND to USD). On the bright side of all this, if you already own these currencies, there may be one benefit. 0.0007. Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. Federal Budget Law to 1,450 Iraqi dinars per US dollar. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. by Index Fan Fri Aug 07, 2015 12:13 pm, Post This is a BETA experience. Theforecast for 2025 from algorithm-based forecasting service Wallet Investor was bearish on the outlook for the euro against the Vietnamese currency, predicting that the exchange rate would fall from 22,619.53 to 21,616.17 at the end of 2022. 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. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. It is now to be seen whether this trend will continue in the coming year or not. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. Currently, the US dollar is standing at a high level. 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. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. 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. The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. 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. This was due to the country's division into north and south after World War II. That might get at least some of your parents' money back. |. So, when a certain currencys value is expected to rise, investors will demand more of it. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. On top of all that, try finding someone to sell that currency to in order to recapture your USD. 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. Ask Larry: Do I Need To File And Suspend My Social Security at 66? Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. http://www.forbes.com/sites/robertlaura mese-dong/. He said, I caution people to remember that just because a money broker is regulated, has a good rating by the Better Business Bureau and is not breaking any FTC laws doesn't mean they are trustworthy. Will the Vietnamese Dong be Revalued Soon? What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? This currency entered the South area six years later, in 1953. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. 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. We have a plan for your needs. Mum will be able to exchange her Dong for USD at any currency exchanger. Will the Vietnamese Dong RV Revalue? Will the Vietnamese Dong RV Revalue? by spectec Thu Jul 23, 2015 6:46 am, Post by IPer Thu Jul 23, 2015 6:57 am, Post Exchange rates are bilateral, so the improvement in one currency means the decline of another; however, because the world is intertwined, changes in currency values can have far-reaching consequences, which could impact the levels of imports and exports. 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. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. by Fallible Wed Jul 22, 2015 10:08 pm, Post On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. Will Vietnamese Dong increase in value? One financial expert believes that the risk to the Vietnam dong also lies in the fact that the yuan can reverse suddenly when the Fed narrows quantitative easing due to rising inflation. The value of the Vietnamese dong against the US dollar gradually declined from the 2014 devaluation, when it was trading around 21,000, to around 23,600 in March 2020as investors sought the safe haven of the USD at the start of the Covid-19 pandemic. Or to quote Larsen E. Whipsnade (WC Fields), when he passed along advice given by his grandfather (just before they sprung the trap): I had a cousin who was in to this only it was the Iraqi dinar. He also brought to light a slight problem with buy and sell economics. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. . Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. This is a record high level of foreign exchange reserves in Vietnam. What are the advantages of position analysis questionnaire? I have no idea if that would work or would just make things even worse. by greg24 Fri Aug 07, 2015 4:28 pm, Post I use these products and if they are awesome, then you should know about it! by Sheepdog Thu Jul 23, 2015 4:21 pm, Post 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. 2. 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. Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. Today, its the Iraqi dinar scams that are overflooding the market. I just saw the whole thing about going to do anther state, now it's a safety issue too. Visit a quote page and your recently viewed tickers will be displayed here. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. by Watty Wed Jul 22, 2015 9:40 pm, Post Vietnam struggled with a declining economy for a long time. Prior to this, South Vietnam was also dominated by piastre notes. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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. ~Jack Bogle. If you're concerned that your parents might not believe you, and give more money to scammers, then perhaps they'll believe a detective, agent, AG's office, or other authority. The material provided on this website is for information purposes only and should not be understood as an investment advice. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post His lopsided reporting continued under directives to omit more and more important facts and figures. Standard users can export data in a easy to use web interface or using an excel add-in. 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. The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. by ponyboy Thu Jul 23, 2015 7:40 am, Post The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. Will the Vietnamese Dong be Revalued Soon? Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. The dinar became 99.3% less valuable overnight. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post It weakened the Vietnamese dong at the time, with inflation running at up to 900%. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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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. Your mom is lucky. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. by mhalley Thu Jul 23, 2015 3:41 am, Post One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. I contribute to many blogs. 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. 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. Join us in creating opportunities and sharing ideas to all. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. 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. Whitmore suggests, Neither currency demonstrates the kind of fundamental economic indicators, particularly prudent central bankers limiting money supply that would be the hallmarks of a currency likely to appreciate.. Have Watchlists? Analysts have yet to issue a Vietnamese dong forecast for 2030. Something went wrong while loading Watchlist. On March 24, Director at Iraqs Central Bank Mahmud Dagher Prepare to run foreign currency revaluation. 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. But the dollars rally in 2022 lifted the pair to a record high in September, reaching 23,513 on the last day of the month. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Learn also about the latest attempts on Putin and by whom. 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. 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. This corresponds to the State Bank of Vietnam twice lowering the buying price of the US dollar. Vietnam has been establishing itself as a stable economy for a while, and a stronger Vietnamese dong would attract even more foreign capital to be invested in the country. Intraday data delayed at least 15 minutes or per exchange requirements. Make sure to subscribe to the Newsletter if you havent already done so. 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. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. 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. Cookie Notice (). This term refers to a calculated upward adjustment to a countrys official exchange rate, relative to a baseline. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. interest of the countrys economy. I've got $80k burning a whole in my pocket, what should I do with it? (Ralph Waldo Emerson). I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Why is Vietnam dong so low? Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. 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. The biggest challenge to recouping your initial investment is finding someone to buy those currencies back. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. 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. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022. I just wanted to get this transcript of the 2 [], I was invited, or more like urged to be on the Wingit Call on 10/25/2016. The Trading Economics Application Programming Interface (API) provides direct access to our data. Post In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. That would be a really elaborate plan to mug someone. According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. 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.
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