In the next 6-12 months, various oversold assets, regions and their currencies will turn out to be very valuable, although it is a dubious idea to indicate a specific time. Our advertising, sponsored posts and advertorial rates are in US Dollars. It must be something tangible, which is why I dont include bitcoin, which China has already banned and didnt provide Russia any tangible escape route to avoid sanctions. It is also worth mentioning that the United States is indebted in foreign currency, and alone has a monopoly on printing at its discretion. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). China is careful in its gold accumulation and doesnt show its hand, presumably because it doesnt want the gold price to spike. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. WebWill the Dong change in value? The same people predicting inflation and doom for the dollar are the same people that predicted hyperinflation after 2008. They sold 2,000 pieces the day the article came out. Vietnam received US$38 billion in total registered investment capital last year, up 7 per cent from $35.5 billion in 2018. To put it simply, the demand for dollars to trade in what is the biggest commodity in the world has served to prop up the dollar despite all the fiscal and monetary abuse that has been heaped upon it. expressly prohibited without the prior written consent of Toronto NOT FOR THE LEGAL MARKET. A great idea, as long as the U.S. kept its gold and was fiscally responsible. This type of regime is standard for most major economies. Will there be a global currency reset in 2023? Most of Congress is said to have been at home over the Christmas holidays when this law was passed. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. This article was undated on January 1, 2023. Many currencies will change in value or revalue once this event happens. Interestingly, during the initial deleveraging, the US dollar began to decline against the Japanese yen and the euro, but later arranged a broad and powerful rise, similar to what we saw at the worst stage of the 2008-2009 crisis. 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. After all, the value of a currency is a barometer of peoples trust in government and its ability to pay debts. The USD is merely less risky than some other currencies. As a result, new converts are constantly converted, and people are driven by more emotion and their worldview than sound economic advice and principles. That is just internet lies to sell you crap. Vietnam is a growing source of U.S. imports of furniture, electronics, computers and apparel. Both monetary units are often referred to as scam currencies for good reason. 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. 1 VND to USD - Vietnamese Dongs to US Dollars Exchange Rate - Xe
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