Vietnamese Dong Revaluation What You Should Know
This article goes into explicit item almost the Vietnamese currency known equally the dong or VND. At that place is a chat expanse beneath this post so you can talk with other investors in this currency. Also be sure to subscribe to the newsletter by clicking the link beneath.
Vietnamese Currency Dong
By: Dominick Giammarino
Last Updated On: August 31, 2016
By: Dominick Giammarino
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I wrote an article hither virtually the devaluation of the currency of Vietnam:
Vietnamese Dong Devaluations 2014-2016
As an update, from August 2015 – we have had all the same a third devaluation of the dong, see here:
http://www.bloomberg.com/news/articles/2015-08-19/vietnam-s-central-bank-devalues-dong-for-third-time-this-year
The official currency of Vietnam is the Vietnamese Dong. It has never been revalued since around 1963 when the Vietnam war was starting off. Wikipedia article: Vietnamese Dong
Here is why I won't buy dong online, you lot tin can CHAT below, just roll to the bottom of this page, and join in the conversations that are happening correct now.
The prices (ringlet below) are based on Chases' quote to me of simply $54.09
This tabular array was created by Nick Giammarino to prove that information technology is much cheaper to purchase Vietnamese Dong from a banking company rather than from an online dealer. I'm sure the dealers will be mad when they see this chart and the video, maybe yous dealers should lower your prices instead of rip people off. Share this link with everyone. Prices include Shipping, considering as we all know, that is where they go you lot.
| Visitor | $ Per Meg Dong | Shipping | Total | % Increase Over Hunt Depository financial institution Quote of $54.09 per Million |
|---|---|---|---|---|
| tampadinar.com (iraqidinar.net) | $98 | $xiv.99 | $112.90 | 108.72% |
| treasuryvault.com dinarinc | $78 $89 | $26 $xiv.99 | $104 $103.99 | 92.27% 92.25% |
| vietnamdong.org site might be down | $98 | $0 | 98 | 81.17% |
| buyiraqidinar.com | $80 | $13 | $93 | 71.94% |
| buyalittledinar.com | $75 | $8 | $83 | 53.44% |
| ibuydinar.com | $80 | $0 | $80 | 47.90% |
| buyvnd.com uncirculated | $70.99 | $five | $75.99 | forty.49% |
| chase.com spot price (xe.com) | $54.09 $46.99 | $0 local pickup | $54.09 | 15.11% 0% (baseline) |
Equally of right now, I made a live phone call that I recorded, a call in which I was able to discover i million Vietnamese Dong for just $54.09 for the fourth dimension of my call. The market rate is about $47 per million and there are always currency markups. The United States has many places that you lot can buy Vietnamese Dong, but I exercise non recommend you buy online. You guys will desire to see the video, I will postal service the link on this page when it's ready.Foreign currency purchasing is a risky thing if you don't know how to figure pricing. Stay tuned and proceed checking back. If you are thinking about investing in Vietnamese currency you want to read this commodity. The electric current value of Vietnam currency is not very loftier, and if you only do a simple Vietnam coin conversion you lot will see for yourself. A few people might be looking for Vietnamese currency scam, you might one of them, all I can tell y'all is that I care more virtually gold and silvery than I do dong, but I watch all iii very closely. Await for Vietnam dong for auction locally, non online every bit it'southward much cheaper to buy in person. Keep checking for the latest news here.
The Vietnamese Dong was devalued in 2014 June, see the link here: http://www.bloomberg.com/news/2014-06-xix/vietnam-devalues-dong-offset-time-in-a-year-to-boost-exports-one-.html
I'm hearing that the Vietnamese Dong will exist revalued around $0.80 to $one.11 per dong. To me, this seems style besides loftier. I look a penny or less, if that fifty-fifty happens, this is unless they discover huge gold resources in Vietnam. Equally a matter of fact, the currency might even exist devalued, over again, which means that investors in this money would actually lose even more money. Some are saying that the Republic of zimbabwe Dollar is going to be revalued. There is no Zimbabwe dollar to be revalued as they ceased using it in 2009 and are on a multiple currency system. And then your question is probably is there going to be a dong RV? Not at the present time, but I do expect it one time nosotros keep into a dollar collapse. The Dong investment has the chance to make you some skilful return on investment (R.O.I.).
If yous are buying Vietnamese Currency you need to be aware that it is a very speculative investment and there is a chance that you volition indeed lose some money, and so only invest 5% of your savings into it, use another 20% for other foreign currencies and the remaining 75% for your real estate, gilt, silver, mining shares and other investments. If you actually want to play it condom don't buy any currencies. Now, regarding the Dong, you can purchase at your local bank, or y'all can buy online and go ripped off, upward to yous, just wait at prices before jumping in. If you contact their embassy you might be surprised that they accept no idea that a Global Currency Reset will occur. Either they are lying, or they really don't know. My guess is the latter.
Vietnam Dong Revaluation RV
There has been word that the dong may revalue in 2014. Vietnamese money is non worth very much at this time, see the link below for the currency commutation converter. It's a Dong to U.S. dollar converter. The exchange rate changes daily so don't forget that attribute.
Check out this link to Vietnamese Dong to USD – VND/USD
Vietnamese Dong – Preparing for collapse
The Vietnamese are well adjusted to having a lack of electricity. Check out this link if you desire to acquire how to survive a collapse https://globalcurrencyreset.net/collapse-information-reset/ They tin still grow rice and export goods by boat, simply what will happen when their currency revalues? Just fourth dimension volition tell. Before you lot become out and buy Dong be prepared for a collapse of the dollar, that might happen offset. Go on checking my homepage for Vietnamese Currency News Scams and more updates. Vietnam currency value changes all the time, so don't rush out and buy information technology just because a guru says to.
This page nearly the dong will be updated from time to time as currency dealers start to discover that less and less people are ownership from their websites.
When more than information specific to either the country of Vietnam or the Vietnamese Dong comes out I will post it here. The Vietnam dong exchange rate will fluctuate depending on other countries' currencies, so watch the breaking news page for updates.
https://globalcurrencyreset.net/vietnamese-dong-private/
Vietnam news is a great way to search for what is happening in land, you won't hear much nearly information technology here in the United states, our land is non concerned with geopolitics. Looking at a Vietnam map yous volition run into that the land certainly has enough of room for growth, if there is indeed a revaluation, all of those poor farmers will now take sufficient money to expand, retire, or move to the U.Due south. since their currency now has some real value. Time will tell, I promise the Vietnam dong does revalue, for anybody's sake.
When the Global Economic Reset happens, there won't exist much time to prepare. The following phrases were typed about because people visiting this page might take been looking for information about it, for some reason, this site seems to come upward for these phrases. The commutation rate will vary depending on the time of yr. Also exchange rates e'er fluctuate, so be ready for a revaluation. Dong Vietnamese is only a reverse of the proper word usage. Dong currency is currently being used in Vietnam. The The states has always used the US Dollar simply might exist forced to use a new currency once the dollar collapses. A fundamental banking company will produce fiat currency and currency converter sites are available online. Strange exchange should only be done by professionals or people who actually know how to exercise information technology correctly. The Country bank Vietnam refers to their state's bank which produces their fiat currency. Dong news out of Vietnam has been that the currency is beingness devalued confronting the dollar. People are looking for Dong Revalue 2014 only I'm non seeing it until 2015.
Now we proceed hearing that the Dong revalue is expected any twenty-four hour period now and that the Dong rv should happen presently, just as I have stated, the Dong investment is speculation at best, who knows what will happen in the coming year. The Dong to USD code is how you figure out the value of ane dong to the United States Dollar. Personally, I would utilise the reverse conversion which is USD to Dong. The dong value fluctuates simply is expected to revalue very loftier, this is not supported by bear witness, however, it's still possible. Dong reset is coming, maybe not until 2015 though. For those who were looking for dong rv 2013 information technology did not happen as many expected, and no private exchanges were done.
Article #ii for the Vietnam Dong is here: https://globalcurrencyreset.net/vietnamese-dong/purchase-dong-chase-bank/
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Source: https://globalcurrencyreset.net/vietnamese-dong-/