A local newspaper in Georgia, USA, reports that some local residents are buying Iraqi dinars in cash form, in the hope of profiting from a revaluation of the currency.
According to the Moultrie Observer, people are buying boxes of crisp Iraqi dinars that look fresh off the printing press. It goes on to quote a local commodities trader as saying he could possibly think of worse investments than Iraqi money at this time, but would be hard pressed to do so:
"If you want to make a wild investment, I'd buy Russian rubles ... It (the dinar) would be one of the most foolhardy investments you can make."
Meanwhile, CNBC columnist Kelley Holland says the dinar is the subject of a variety of scams, and regulators and watchdogs are sounding alarms:
"If someone has been telling you about the rosy prospects for the dinar, please, please, be careful. It's almost certainly too good a story to be true."
On Thursday, Komo News in Seattle, Washington, ran a news report on the dinar and interviewed one woman who had actually bought what she believes to be Iraqi dinars on the internet. You can find the full video report on the next page ...
LOL. So now Doc can't even type out his own posts without stealing them? I'm not surprised. I thought something was fishy when he changed from one-line insult mode to several lengthy paragraphs to a different style of writing. Besides it was already been debunked last year. Barry debunked it again above. The guy's plagiarism is that pitifully low and desperate, it really isn't even worth mocking.
Ok,so what's your point J smarts masters how do you know I posted word for word???Are you sure I don't think so.If you go to the various articles and quit trying to be so right you will see what I posted is not only what I believe but also others.It's call economics sir.WhetHER i COPIED OR PASTE something I see the same done with u fellows.ALL of your info comes from somewhere.So while you are grandstanding as if to say what?Take the time to dismantle what was said instead of google searching where it may have come from.BTW It's called information to oppose y'alls nonsense.lolNow gone and google that if you will.BTW all my info wasn't from another site if you would take the time to read it all but it's just COMMON SENSE.So gone and google common sense smart guy and see what site that's on.LOL Speculation google me that while you're at it.
So now if I reference or copy anything i'm dishonest.lol But whatever you guys reference or copy it's okay.NOW I SEE THE BIAS,LOL
JOHN u say stealing lol u gotta be kidding.Wow u guys are so full of yourselves it's quite amazing.
LOL. So now Doc can’t even type out his own posts without stealing them? I’m not surprised. I thought something was fishy when he changed from one-line insult mode to several lengthy paragraphs to a different style of writing. Besides it was already been debunked last year. Barry debunked it again above. The guy’s plagiarism is that pitifully low and desperate, it really isn’t even worth mocking.THIS IS FROM A SMART,BARRY THIS BARRY THAT LOL Are you Barry talking to yourself?Dual personalities.
Wolves travel in packs!
Doc's post:-
First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your
bank account.
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan.I guess you smart guys understand this term?Let me continue.lol
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).
----------
And from this link:-
http://dinartalk.tumblr.com/post/5275796933/how-fractional-banking-economics-will-allow-a-high-rv
First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).
That's just the first few paragraphs. All the rest (about oil, etc) are identical too. You didn't just "reference" it - you copied it word for word and passed it off as your own creation without any reference or link whatsoever.
You aren't going to lie your way out of this one you arrogant thief.
Hmmm. I thought I read that somewhere else before. That's pretty bad. You shouldn't steal other people's copyrighted work and try to pretend its yours.
"HIS IS FROM A SMART,BARRY THIS BARRY THAT LOL Are you Barry talking to yourself?Dual personalities."
And now comes paranoid delusions as some kind of panicked response after being outed as a thief as a diversion tactic. Apparently if several people disagree with "Doc" they must all be the same person.
There's little more to say after this incident. You really do have no shame.
The best part and most fun of this swindle is reading how the gurus/ scammers/ pumpers keep coming up with new lies and fictional reports. They must be in panic mode and getting quite desperate at this point. All they have left are the people with 10 million dinars still hoping and praying they weren't victims of a scam or the completely brainwashed faithfuls.
I do enjoy the segue from the " it's gonna happen" date to the next date the inside info guarantees .
Doc... I don't think anyone on here believes anything you write.
If you are a pumper/ dealer.... I suggest getting prepared for a trial and prison.... Cause it's going down!!
Barry and JMasters...LOL. You must have me confused with a pumper as I am not. I was only giving you the conference information to CORRECT everyone. Please come and join and even use a different name but I am being completly honest here when I want you to come on the call and challenge these folks so that the rest of us can "connect the dots". Not inviting you to the lions den...its just a conference call.
Chasting - Dinar Alert is run by pumper "Kaperoni" and he's already a complete laughing stock after claiming that "delete 3 zeroes" and "lift 3 zeroes" mean two different things. It's taken no more seriously than a call hosted by someone explaining how "water" is 1,000x more valuable than H2O... There is zero credibility in the call, the site and the host.
It’s funny how Doc came on here and acted like he didn’t even know who any of these gurus were. He claimed to have only heard of this from a banker.
Now he’s copy and pasting from numerous dinar guru boards.
I first saw this “how they will RV” crap on Dinar Daddy’s site long ago. It’s hilarious. It’s like it was written by someone with an 6th grade education and absolutely no knowledge of currencies and the working of central banks and commercial banks.
Kaperoni. He sells t-shirts and coffee mugs with dinar slogans on them. Need anything else more be said about him.
Oh yeah... Kaperoni showed up on this baord before. Rich is one of his lemmings and kept asking him questions from this board. So Kap came over and made a few post and quickly retreated to the safety of his locked down highly moderated site.
Well come on over for a laugh then. Should be fun and amusing for you. You can poke fun at all the idiots.=)Do you folks really care about the hype? The debate? Who is right and wrong?Whos money was spent on what and how much they lost or gained? Wears a person out....bad ju-ju man. Toxic.The only winner here is the host of this site who is getting crazy traffic. Were like Hatfields and McCoys...no one will ever win. Crazy head beatings.
Stew can you repost what Kap had to say? I would like to see it if not to much trouble. Thanks.
These guys need therapy Chastling
chasting these guys make up things,why would any other adult be worried about what someone else investment anyway.The statement that I know some gurus and how I said I bought my dinar from a bank which I did.Sounds like child play to me.What's the big deal any?Stew sounds like a spoil brat that can't get folks to agree with him so he throws a fit.John seems to be Barry's cheer leader.They all sound like kids pretending to be smart investors.lol I posted some info and these guys had to google it to see where it came from.lol BTW Who is dinar daddy is he one of your friends are something?Y'all talk so much about as if to say what?BTW Ali from Dinar Trade will be my special guest on my radio talk show.post your emails barry,stew,john,j masters since yall are prob the same person with different ALIAS.Well this could be a very special week,who knowsLOLTIME WILL TELL.
You need a miracle.
LOL
BTW I do believe in miracles,I receive them all the time smart guys.lol
Some of you guys need to take the time to enjoy your lives.LOL Y'ALL are like a pack of wolves looking for those who can prey upon with the stupidity yall are spewing.But as you fellow can see it's not working.Get a life fellows,life doesn't last forever.While y'all are on here as investigators life is passing you fellows by. Break away from the pack and get your on identity.Y'all really sound like a bunch of brats.lol Oh he copied and pasted word for word.Oh will u give me the stations call number,btw we ran KAP OFF THE BOARD.LOL KIDS exit the stage please Oh doc is this and that.lol Enjoy the circus clowns and kids that's just what u fellows sound like.
We had a great radio talk show with ALI discussing the iraqi dinar and VND.Folks are excited about it and gain some knowledge about it that they didn't have.Now has they prepare to but it on 2moro.Lets get ready for the RV
We had a great radio talk show with ALI discussing the iraqi dinar and VND.Folks are excited about it and gain some knowledge about it that they didn't have.Now as they prepare to buY some on 2moro.Lets get ready for the RV
"We had a great radio talk show with ALI discussing the iraqi dinar and VND"
No-one cares about Ali or your calls. Everyone knows Ali & Dinar Trade were shut down from selling Dinar in 2011 and fined for lying about their licensed status and Ali tried and failed to hide it. Someone even posted the Securities Commission "Cease & Desist" document a couple pages back with his name on & signature on it. I did my own digging and the document is indeed genuine. You must be really thick if you can't see how desperate you look constantly fawning over him. He's a dishonest nobody just like "It is done!" "Okie Oil Man".
I came here with an open mind, but seriously guy, look at your attitude problem & behavior:-
"Ya'll are dumb! Y’all are some ignorant folks. Yall are STUPID AND IGNORANT. Man y’all are so full of yourself it’s pathet. i Guess to get what I’m saying.lol legible or not.. u r probably somewhere in a basement eating captain crunch cereal. they are wanna bes LOL so full of yourself. Now I can barely talk. amart guy. We all r unlearned,stupid,misinformed. Oh I sound scared,y becuz wolves travel in packs,Btw what is the debate anyway????? the circus clowns and kids that’s just what u fellows sound like. this is therapy for me Blah,blah blah.ya'll the same guy. Hopefully my comments will bring some enlightenment."
You're the one with the biggest attention seeking "issues" by a very large margin... Have a good day sir, because I'm under no illusions you'll start spamming off another 20 taunting posts talking to yourself foaming at the mouth at me too (maybe I'm "the same person" too [shakes head in wonder]) for pointing out your chronic immaturity and emotional issues.
George, yeah he's gone way "off the deep end" into the realms of bizarre paranoid delusions ("people who disagree with me aren't real") that even basic normal communication is no longer possible or even worth attempting. Even his friends have distanced themselves from him. Quite frankly, I'm beginning to think he's ill (in the bi-polar / mania / disassociative sense - and I don't mean that in a derogatory or insulting manner, but something's genuinely wrong with him somewhere). If he wants to talk hate to himself almost hourly, let him. LOL. Funny thing is he tells people to "get a life", yet doesn't see the irony in his own obsessive posting 12-25 posts per day vs everyone else's 1-5 😉
And the truth about Ali's 1-year "reluctant vacation" is well known on a lot of other forums. All the best.
Enjoy your captain crunch cereal.lol
Doc.... Your so funny lol!!
Let's go RV!!
Woo Hoo!!
LOL Wannabes,
Y'all don't like the guru's,dinar traders,the investors,and whoever is ok with their investment.LOL
Interesting. Ali doesn't seem to be aware that he was on a show or conference call Sunday night.
Doc...
"wannabe's, lol"
Yes , I wanna be a brainwashed B S artist dreamer/ liar/ scammer.
Their is no need for u on this thread .
Face it, we all don't believe the lies. You will never convince us.
Do you guys really think I'm trying to convince u fellows to invest?LOL I really could care less what y'all do.Adults make there on choices in life.But I guess y'all don't understand that.
Well Stew here you go with your lying ways.lol
Btw several ppl are ready to invest in the dinar and dong,after hearing such a superb dialog that was informative and mature in substance the ppl were so excited and grateful.Everybody is not like you characters with nothing better to do but criticize others who are smart enough to make their own decisions in life.It's okay if folks like y'all don't believe in this investment.But amazing how u fellows will not say that u haven't purchase any DINARS OR DONG.LOL
Vietnamese Dong is an investment for those who do not understand what "hyper-inflation" is. My family is from Vietnam, and unlike most Dong "investors", we've actually LIVED there and used the currency on a day to day basis unlike the Dinar/Dong RV salesmen advertising own products and their clients who think they understand more than they actually do. We have extended family there (Quang Binh province), and visit there at least once, sometimes twice a year, so we know exactly the situation is with the Dong. WE are not stupid people!
Vietnam had inflation in the past of up to 700% as part of badly managed currency reform that triggered off hyperinflation! Crazy 3-digit inflation rates that lasted years. Still double digits even today. The Dong has been under 10000:1 vs $ for many years - long before Iraq was invaded. Nothing new about that. Dinar salesmen attach Dong to Dinar out of confusion - but they're not remotely related, economically or politically.
Dong weakness caused by natural inflation nothing else proof of which is same fall against gold as dollar. Graph here:-
http://www.cmi-gold-silver.com/email/graph-6-7-11-6.jpg
Also central bank chief Nguyen Van Binh said - doesn't WANT Dong to appreciate in real value or would lose export industry compeititiveness vs China.
Vietnamese also have no trust in their own currency. Many use either US $, Euro's or Chinese Yuan currencies for a lot of purchases precisely due to high domestic inflation. Family and friends constantly ask us to exchange banknotes / buy silver coins for them before we visit. Vietnamese are queing up to swap Dong FOR other less inflated currencies!! You have everything backward! Gold & silver coins are also popular for larger purchases (cars, houses, etc). Vietnamese who can afford silver coins, etc, snap them up like wildfire precisely because inflation is causing the currency to DROP in value, not rise! Vietnamese Dong is much-more like Zimbabwe & Indonesia than Iraq money.
For those who don't understand, "RV" is a peg adjustment of fixed-exchange rate currency. Dong is not "hard fixed peg". if it were pegged to USD then it wouldn't have fallen vs the USD! China RV'd the Yuan recently (by adjusting the Yuan's peg vs the $). But Vietnamese Dong not the same. It already is fair market valued by the market.
Dong used to be pegged under Communists back when we had 2 currencies North Viet Nam Dong (VND) and the South Viet Nam Dong (SD) (country split like N vs S Korea's), but since 25 February 1999, SBVN announced there would be only one Dong/U.S. Dollar exchange rate, which based on weighted average actual transaction rate in interbank foreign currency market between Vietnam Dong and U.S. Dollar. Based on this exchange rate, commercial banks can set their own rate. NOT centrally dictated like Communism or RV people think. It's not peg that can be RV'd in the way some believe.
I hope this helps to clear up confusion about the Dong. You can't "RV" away devaluation caused by inflation as it takes no money out of circulation which is root of the problem (and can't be done anyway on floating exchange rates). One QUADRILLION DONG in circulation!!! Can't RV that vs $. Not enough money on Earth many times over! The only way of getting rid of effects & extra zeroes of past inflation is with proposed redenomination like Indonesia:-
http://www.nst.com.my/latest/indonesian-govt-approves-rupiah-redenomination-proposal-1.16155
I dont know enough about Iraq to comment on the Dinar, but the Vietnamese Dong "investment" is very confused by some Dinar salesmen and with great lack of education of what inflation and weakening effect on value of money. Try reading proper Asian financial forums - much more accurate than American "Dinar" forums or salesman "calls" on the Dong with their own agenda.
Nice post Hoang.
The situation in Iraq is the exact same. When Saddam came into power back in the early eighties Iraq had a high exchange rate. In the $3 range. He took them to war with Iran, he stole all of their FX reserves, he then invaded Kuwait. Without any money (dollars) left, he started printed like crazy the dinars. They went from 30 Billion dinar in early 80’s to 72 Trillion now. Those are M2 numbers. Classic hyperinflation.
From the Central Bank of Iraq.
1950 - 1990
By 1987 the banking system consisted of the Central Bank, the Rafidain Bank, the Agricultural, Industrial, and Real Estate banks. A 5 percent devaluation reduced the value of the dinar to US$3.2169, the official rate which remained until the Gulf War, although in late 1989, the black market rate was reported to be 1.86 dinars for US$1.
1990 - 2003
After the Gulf War in 1991, and due to the economic blockade, the previously used Swiss printing technology was no longer available. A new, inferior quality notes issue was produced. The previous issue became known as the Swiss dinar and continued to circulate in the Kurdish region of Iraq. Due to excessive government printing of the new notes issue, the dinar devalued quickly, and in late 1995, US$1 was valued at 3,000 dinars.
There you can see the dinar had fell to 1.86, which is 54 cents per dinar by 1989 and then really dropped during the early nineties. Al the way to 3000:1 by 1995.
“This report was originally prepared at the request of the Senate Committee on Foreign Relations. With the Committee's permission, it is being made generally available for the use of Members.”
Inflation: As with other indicators, data on inflation are spotty and, during the 1990s, price data have a highly anecdotal quality. Before the oil boom, the Iraqi economy was characterized by price stability with an inflation rate at 5-6% during the period 1960-73.34 This source calculates inflation increasing from 18% to 68% between 1975-79 as a consequence of substantial currency inflows related to the oil boom.35 Prices continued to rise during the Iran-Iraq war as resources were diverted toward the military and government borrowing from the central bank expanded the monetary base. Inflation was recorded at 95% in 1980 and had increased to 400% by 1989. During the 1990s, a period of hyperinflation occurred. The government continued to print money to meet expenditures while economic sanctions shut off the supply of imported goods leading to a classical monetary overhang. A yearly inflation rate of upwards of 2,000% per cent was reported in open market food prices between 1990-1991.36 Another source estimated that inflation increased 5,000% between 1990and 1995.
The Iraq central bank explains it... and a congressional report of our own explains it.
Any thought of the dinar or the dong RVing a substantial amount is a scam.
It wont stop people from continuing to make up lies about the currencies in an attempt steal money from people.
You can see the proof right here.
Ali knows nothing of being on a show Sunday night. It’s a fabrication by a clown. Ali has also changed his tune lately. He did an interview a week or so ago where he clearly stated that all this 3 zero talk is indeed a lop/redenomination. He also said anyone talking a big RV was crazy.
I don’t like promoting Dinar Daddy one single bit. He’s been a big part of this scam for the last 4 or so years. But listen to the last two shows he did.
On Sunday April 22 he interviewed Ali from Dinar Trade. Ali stated that the delete 3 zero plan is a lop. He also states clearly anyone who claims a big RV is nuts.
Then on Tues. May 15 Dinar Daddy talks redenomination and starts covering his own arse. He finally come out and also states the plan is to redenominated and hopes it doesn’t happen and they allow slow growth and says a big RV will not happen.
http://www.blogtalkradio.com/dinardaddy
The scammers are starting to cover their butts.
To all the people who are with the idea that the GURUs are right and leading you down a path to wealth, my question is, They by now know about this thred and yet to show up and set te record straight with their facts and evidence to make the couple guys here who are not profiting in any way wrong about their utterly inteligent wisdom on banking and investments. Please tell them to show up here and then you can watch Stew and Barry eat those guys and poop them in to the toilet and by then maybe you can get what the concept of the thread was from the start, But those guys wont show and are not about to lose their scam income and get exposed! I bought some and beleived in the beginning and as I watched the other forums with the BUUSHITTER liars it only took me about 2 months to read into their retarded misleading and deception, "BY next Tuesday" Its Happening" Waiting on Maliki" "Lie Lie Lie"
The problem here is that ppl like Stew only copy and paste only part truth.Any sensible person can read between the lines.Anyone at anytime can claim to be someone that knows more than what they know.In order to appear righ in the sight of others.Just becuz u post a link that validate your position doesnt mean anything.Keep in my in mind there are opposing links out tbere.I just choose not to play that game.
This is posted on this site, dont know who Rueters is but thats the source according to the poster
**************************************************************
Iraq Halts Plans to Drop 3 Zeros from Dinar
Posted on 13 April 2012. Tags: forex, IQD, iraqi dinar, re-denomination, re-valuation, Redenomination, revaluation
Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, reports Reuters.
The central bank said last August that it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.
The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.
On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar “until further notice”.
“The economic committee discussed this issue and so did cabinet … There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this,” cabinet secretary Ali al-Alaq told Reuters.
“We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently,” Alaq said.
The central bank says Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.
(Source: Reuters)
*******************************************************************This is posted on this site, dont know who Rueters is but thats the source according to the poster
**************************************************************
Iraq Halts Plans to Drop 3 Zeros from Dinar
Posted on 13 April 2012. Tags: forex, IQD, iraqi dinar, re-denomination, re-valuation, Redenomination, revaluation
Iraq has decided to hold off on a plan to knock three zeros off the nominal value of bank notes of its currency because it does not believe the economic climate is suitable, reports Reuters.
The central bank said last August that it planned to redenominate the Iraqi dinar to simplify financial transactions in an economy that is still heavily centralised and dominated by oil, and where deals are often carried out in cash.
The proposal to restructure the dinar to bring more liquidity into the market has been awaiting parliamentary approval since last year.
On Thursday, a statement on the website of the cabinet secretary said the cabinet had decided to halt all procedures relating to the redenomination of the dinar “until further notice”.
“The economic committee discussed this issue and so did cabinet … There is a possibility that it could cause some problems in the economic situation. Besides that, this operation is so big that cabinet sees circumstances are not right to control this,” cabinet secretary Ali al-Alaq told Reuters.
“We have more than 30 trillion dinars in circulation. To withdraw this amount from the market and then to examine them and to dispose of them is a huge process. Even the technical and the monetary capabilities to control a process like this, we consider as insufficient and it is not seen as a priority currently,” Alaq said.
The central bank says Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield it from any damage to its financial system on the national level.
(Source: Reuters)
Vietnamese Dong Investment Risk Awareness
Vietnamese Dong Investment- Risk Awareness
It is a very good thing to invest in the Vietnamese dong; considering the rate at which the currency is moving in recent times. The economy of Vietnam is getting stronger to the extent that it is very possible for an investor to be able to make something really meaningful in terms of profit. Those who had been involved with investing in the Vietnamese dong had always had good news to tell at the end of the day. The policy of the government and the interest that foreign countries and investors have in the country are the very supportive pillars that had succeeded in keeping the Vietnamese dong on the profitable side.
While it may be possible for one to make profit from the Vietnamese dong investment; it is also very important for an investor to carefully consider the possible dangers that may end up facing the investment that is being made into the Vietnamese dong. It is very important for every investor in the money market to realize that there is no money investment that doesn’t have risk. This will enable the investor to tighten his or her belts so as not to make the mistake of investing wrongly.
One factor that every investor in the Vietnamese dong must realize is the fact that the Vietnamese dong does go through some degree of fluctuation. There is practically no currency that doesn’t experience this fluctuation. One thing that is very important to note is that the currency market is totally unpredictable. Things may be moving in your favor this moment and before you know what is happening; things may just turn around and start moving against you. You must be fully aware of this uncertainty before you make any move to invest in the Vietnamese dong.
What will help you to make some profit out of your investment is if you have what is called low risk tolerance. This means that you shouldn’t risk too much of your money in the Vietnamese dong investment. You should be able to set a particular margin on what you want in terms of how much profit you want to make and how much loss you can bear. A careful and disciplined monitoring of this will be very helpful in making sure that you don’t end up losing too much of your investment.
The Dong or the Vietnamese Dong (VND), issued by the State Bank of Vietnam has remained the currency of Vietnam since 3 May 1978. When it was introduced, its Official Rate was D2.66358=SDR1, equivalent to D2.17=US. The conversion rate for the North Viet Nam Dong and the South Viet Nam Dong into new currency was ND1=D1 and SD0.80=D1, respectively. In 2005, Vietnam had attracted US0 million from the global markets.
In the past one year, the economic growth in Vietnam exceeded market expectations. In fact the country's annual growth was stronger than the rest of Asia too, except China. With the Vietnamese government's increasing emphasis on an import/export economy - the VND's significance in the global markets has increased. The government is also promoting an export-led development, has lowered the value of the Dong to drive exports and foster an export oriented economic growth. Even when the economy was in turmoil and unrest prevailed in world governments last year, Dong investors rejoiced as the Dong grew over 10% during one of the most chaotic economic periods in recent history.
FROM CITI
Vietnam plans to raise US billion from selling 10-year term bonds in 2010, with the three leading banks - Citigroup, Barclays Capital and Deutsche set to conduct these transactions.
Vietnamese Dong - Is it a Good Investment?
Investing in the Vietnamese Dong
Although the volatile ups and downs of the Dong might put off investors, those with a low risk tolerance can make profits too by choosing to play safe. For instance, a spread position on the Dong will provide investors with a hedge against unexpected movements. Investors can also opt for a diversified currency Exchange Traded Fund (ETF) for security, while trying to reduce risk. However, the best rule is to invest and pull out - when the time is right, just as you would with other currencies.
Will vietnamese dong revalue 2011-2012 : The process of currency revaluation refers to an active decision of any government to increase or decrease the currency value in relation to other currencies. Revaluation is characteristic of fixed currencies, wherein the currency is pegged to another currency.
The official currency of Vietnam, the Dong is divided into 10 Hao, which are subsequently divided into 10 Xu. However, the Hao and the Xu are no longer issued and hence insignificant. The Dong was revalued in the mid 80's with the new Dong rising to equal 10 old Dongs.
By allowing the VND to revaluate against the Dollar, prices of industrial input materials including fuel and steel billet can be checked, and promote domestic production with a greater domestic supply. A strong currency would imply lower VND deposit interest rates too. It will help attract investment too. The State Bank of Vietnam widened the USD/VND trading band from ±0.25% to ±0.5% in 2007 to tackle the strong inflows of foreign currency that had caused an appreciation of the VND.
If you are looking at the Vietnamese Dong for investment, there is no better time than right now. The Dong has been unhttp://www.blogger.com/img/blank.gifder pressure for sometime now but the overall picture has remained compelling. With a young population, which boasts of 90% literates, labor cheaper than China and a variety of raw material exports - the Vietnamese market is a good option for investors who are prepared to deal with slight volatilities. With the World Trade Organization accepting Vietnam as a member, it can now compete on an equal footing with other export-oriented economies.
Dinar pumpers started pushing the Vietnamese Dong years ago when the rate was about 15,000:1. It was a sure thing big RV. It has since dropped 5000 to 20,000:1. That’s a 33% loss. Plus I’m sure they charged huge fees. Great advice from the gurus.
- "It is a very good thing to invest in the Vietnamese dong; considering the rate at which the currency is moving in recent times. " - Doc
What are you talking about. The rate is going DOWN. Hasn't gone up at all!!! People lose money not gain it! See here:
http://www.xe.com/currencycharts/?from=USD&to=VND&view=5Y
You confuse economic growth with currency valution. Not the same. An economy can grow same time as a currency devalues. This is what's happening in Vietnam. And many other countries. Due to inflation. It is plain to see. Official figures are over 10%. People who live there know from watching food, prices, etc, rise that its more - nearer 15% or so.
Vietnam's economy is growing at 5.8% - well short of its earlier target of 6.5%. But inflation is 10-16%. That means the real economy growth is -4.2 to -10.2%. Yes, minus growth in international value terms. The currency is not going up it is going down! Whoever told you it is getting stronger is lying to you. Exports are equiv to $96.8bn and imports are equiv to $103.7bn. So we have negative balance of payments too. The Dong will not grow stronger until the massive Quadrillion circulation is reduced no matter what the economy does or who talks it up. People start selling dong at 15000:1 vs $ and now it's almost 21000:1. 30% loss.
"The Dong was revalued in the mid 80's with the new Dong rising to equal 10 old Dongs." - Doc
No, the Dong redenominated in the mid-80's. It didn't "revalue" the way you claim of 3 zeroes. Banknotes were swapped 1:10. You handed 10 old in and got 1 new one back. Bank account were adjusted same way. All you done is quote Wikipedia who incorrectly use the two terms interchangeably. Wikipedia also claimed Zimbabwe "revalued" when they redenominated. The Dong did redenomate in the 80's. So have many other countries. We may redenominate again according to Vietnamese Central Bank.
LOL good try STEW,ALI WASN'T ON MY RADIO SHOW???? well another lie in the mix lol I'M convince STEW you would lie just to be right.lol Btw the show was recorded,SMH If you would lie abt that u would lie abt anything else.TERRIBLE LIAR!As ALI stated there are a whole bunch of liars on both sides of the fence.AND FOLKS LIKE YOU FELLOWS ARE PROOF OF THAT.Why do folks lie like that anyone?I chose not to put my info out here becuz some of y'all show a level of ignorance that is so appalling it's becoming very pathetic.Y'all are just making up lies and numbers and figures just so that y'all can appear to be right.LOL Again is the dinar a currency,is the dong a currency?Now let me see who will answer that simple question?
Can a person invest in either one legally(DINAR DONG)????If they can then why are you guys so interested in whether a person invested in the currency as being a scam what abt the stock market?Let me ask you smart guys a question have you fellows ever lost money in the market that you never recovered?Have you ever made money???Well this is how life works,some folks are totally against all investments of all kind and don't favor one above the other.Now are there scammers associated with the stock markets??What about the retail market,what is the mark up or the percentage rate that they are making.Now lets deal with the numbers of the manufactures cost,wholesale cost and retail cost.Lets see you guys put the spread on here so that all can see.Are all these folks scammers too and gurus???BIAS,learn to listen in order to listen to learn.
Hoang if you read what I posted it stated clearly the rate had gone down and also clearly stated the pros and cons of this investment.Now my question to you is it a currency that's legally traded and can be gotten legally????