Search results
Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Both monetary units are often referred to as “scam”...
- History of The Vietnamese Dong
- The Rise from Poverty
- Expectations For 2021
- What Is Currency Revaluation?
- Be Wary of The Misleading Claims About Revaluation
- Final Thoughts
The Vietnamese dong (VND) is the official currency of Vietnam. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. This was due to the country’s division into north and south after World War II. This currency entered the South area six years later, in 1953. Prior to this, South Vietnam was also d...
Vietnam struggled with a declining economy for a long time. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. The economic downturn affected the entire country so much that 70% of Vietnam’s citizens lived below the poverty line after the Vietna...
The Vietnamese dong is expected to remain strong in 2021. The country’s economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. Those who follow news about Vietnam are familiar with the relocation of manufacturing facilities from Chi...
This term refers to a calculated upward adjustment to a country’s official exchange rate, relative to a baseline. 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 ...
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. Predictions regarding the Iraqi dinar are a good example. But bad predictions weren’t limited to exotic currencies only. In fact, in the nineties, playing on the s...
Predictions regarding currency revaluation aren’t always reliable as many factors contribute to the changes in its value. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which can’t be estimated precisely every time. Although there are certain signals, like strong economic growth, that can be used to...
1 day ago · View the latest USD to VND exchange rate, news, historical charts, analyst ratings and financial information from WSJ.
People also ask
Will the Vietnamese Dong be revalued soon?
Will Vietnam weaken its Dong currency to gain export advantage?
Why is Vietnamese dong so popular?
Does Vietnam have a 'competitive devaluation' policy?
Jul 20, 2021 · July 20, 2021. Credit: Depositphotos. Vietnam has reached an agreement with the United States over charges of currency manipulation, pledging to refrain from the “competitive devaluation” of...
- Sebastian Strangio
Jul 19, 2021 · WASHINGTON, July 19 (Reuters) - Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from...
Oct 10, 2018 · At other times, Rhame and Bell falsely claimed that Sterling would cash out investors at airports around the country following a dinar “revaluation.” The defendants also paid substantial sums of money to third parties who in turn spread false information about the dinar on conference calls and Internet chat rooms.
Jul 31, 2012 · Yet, some scam artists continue to hawk the dinar, although most now are running the identical Vietnamese Dong scam, mostly to keep their sucker from suing them or calling the authorities...
