Many people have purchased the Iraqi dinar and the Vietnamese Dong as an investment and as a way to protect themselves from this coming crash. Vietnam Currency: Value & Info about Vietnamese Dong They declare that the entire world economy will collapse in one day. It is being discussed to such an extent that this week Hillsdale College here in Michigan held a four-day conference on the subject. The reasons for the demise of reserve currencies are repeated over and over. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. No. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. Toronto Star articles, please go to: www.TorontoStarReprints.com, Conversations are opinions of our readers and are subject to the, The Toronto Star and thestar.com, each property of Toronto Star WASHINGTON, July 19 (Reuters) - Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the "I believe the State Bank of Vietnams attention to these issues over time not only will address Treasurys concerns, but also will support the further development of Vietnams financial markets and enhance its macroeconomic and financial resilience," Yellen said in the statement. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. ______________________________________________________ If you wish to contact the author of any reader submitted guest post, you can give us an email atUniversalOm432Hz@gmail.comand well forward your request to the author.______________________________________________________ All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes. average: $ 0.000; minimum: $ 0.000; maximum: $ 0.000 UBS pursues there are three main goals in the area of financial stability: improving the resilience of financial institutions, tackling a problem too big to fail, and strengthening regulation of shadow banking. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. According to Credit Suisse, this new Vietnam is a growing source of U.S. imports of furniture, electronics, computers and apparel. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. Nobody can predict the future. Truth About the Coming Global Currency Reset 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. lettow Senior Member. Global trade relationships are evolving as well. More stable infrastructure of the financial market (see also section Financial market regulation). Saudi Arabia is making noises about selling oil to China in yuan and is squarely siding with Russia over OPEC oil supplies, despite pleading from the Biden administration to increase production. Increases in interest rates lead to currency appreciation. Fundamental company data and analyst estimates provided by FactSet. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. 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This belief system has many converts and is iconic in nature. the content you have visited before. That kind of move would be a difficult pill to swallow for Americans, and for politicians, given a gold standard would impose a discipline they havent been accustomed to over the past 50 years and it would also mean accepting a lower standard of living for a while. Join us in creating opportunities and sharing ideas to all. Those that dont panic and invest for the long-term vastly outperform those that worry about catching trends. Vietnamese Dong Forecast | Is VND a Good Investment? Searching for Lost Shares? rights reserved. WebCurrency Snapshot. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. The currency code A well-known example is the Financial Stability Board (FSB). Negosentro.com respects your privacy. All rights reserved. All over the world, debt and other instruments are so tied to the US dollar that the Federal Reserve did not quite keep up with the general sell-off in the mad pursuit of cash. However, this can result in some functions no longer being available. The Trump administration in its final weeks had declared Vietnam a currency manipulator and had threatened to impose punitive tariffs on imports from Vietnam. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. How would a gold-backed settlement currency work? The Vietnamese dong is expected to remain strong in 2021. The USD got stronger against other major currencies after QE and 0% interest rates. A financial-economic war was already simmering between the U.S. and China prior to Russias invasion, and China has called for a new international financial order in the past. The main element is the Basel III regulatory framework, which builds on the Basel II regulatory framework issued by the Basel Committee on Banking Supervision (BCBS). For any questions, or if you are looking to invest, then you can contact me using this form, utilising the WhatsApp function below or by emailing me (advice@adamfayed.com). With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. As you can imagine, that would make those holding either currency instant millionaires overnight.