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Thursday, June 8, 2017

DINAR IRAQ & DONG VIETNAM UPDATE: VIETNAM DONG POTENTIAL, 8 JUNE

Vietnam Dong (VND) Potential:
RD/RV

After delete 4 zeros from currency denomination, current currency notes denomination of 4 zeros will be removed from market circulation and replace by new lower currency denomination notes or even entire new currency. State Bank of Vietnam will then revalue it from current value about VND1 = USD0.000049 to potential new rate of USD0.005 to USD0.10 (forecast). VND100,00 note will be worth only new VND10 or USD0.05 to USD1. Thus will be resulting potential loss to investors.
RV/RD

VND will 1st revalue about 100 times till VND1 = USD0.005 up to 2000 times till VND1 = USD0.10. Thus, VND100,000 note will be worth about USD500 up to USD10,000. Then, large denomination notes consists of 4 zeros will be gradually removed from circulation, replaced by new lower denomination currency notes or even changes to entire new currency.
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