Thread: Has the Blume Fallen Off RR'S Rumor?

Originally Posted by SpongeDinars

Could this be one of those we call....Smokescreen?

Smoke screen or not, it really doesn't make much difference. the article is only declaring a comparison value of USD verses Dong. It's not relevant to a possible appreciation of the VND. If they are forced to RV the Dong those figures would just adjust and reflect the change.

Appearently the great influx of FDI is creating a major surplus of dollars and though they really don't want to the state bank may be forced to lift the rate. The dong is not the potential powerhouse investment of the Dinar but it's still a good investment. It just takes more currency to get the major benefit. How soon? I haven't a clue. really, I hope it delays long enough to really take advantage of it. it will go up and your benefit will be based on your position in the investment.

Here are a couple of articles to support the idea:


Vietnam the Second Thailand
Thursday, April 26 2007 @ 02:19 AM EDT
Contributed by: news
The VND, the currency of Vietnam, the fastest growing economy in Southeast Asia, has been drawing the special attention of derivatives traders.

Before Thailand was always the leading economy in Southeast Asia. Thailand was the 21st largest economy in 2006 in the world. the first few months of 2007 the Thai economy is the slowest growing of all Southeast Asian countries.

DBS group and ANZ bank have begun making transactions abroad with the contracts linked to the future value of the VND. the contracts worth $50mil that trade monthly may be double in a year, according to an estimate by Standard Chartered Bank.

Vietnam has lessened monetary controls this year and has announced its plan to push up the selling of state owned assets. the new currency market will give investors more opportunities to gain profit in the economy, which saw the growth rate of 7.7% in the first quarter, and the figure may reach 8.3% this year as forecast by the Asia Development Bank.

According to Peter Soh, Foreign Exchange Director in Singapore under DBS group, the biggest bank in Southeast Asia, all believe that Vietnam will follow the path China has gone, and that the VND will increase in value.


http://farang.pai-nai.com/article.ph...econd-Thailand


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VietNamNet Bridge - State Bank difficulties in managing foreign exchange rates over the past seven months could remain the biggest challenge to the economy in 2007, according to a United Nations economic survey.
The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) has forecast that major currencies in the region will appreciate as a result of capital inflows. UNDP’s senior country economist Jonathan Pincus said Vietnam’s success in attracting foreign direct investment, portfolio investment, remittances and official development assistance would cause the Vietnamese dong to appreciate against the US dollar if the State Bank did not introduce appropriate checking measures.So far this year, the dong has gained 0.3 per cent against the US dollar, currently sitting at VND16,047 per dollar despite an earlier State Bank plan to slightly depreciate the local currency by 1 per cent to maintain trading competitiveness.

Since September 2006, local banks have experienced US dollar surpluses for the first time with massive dollar inflows into the booming stock exchange and sharp increases in FDI attraction. This situation has put pressure on the State Bank, as the ultimate purchaser of local banks’ dollar surpluses, to revalue local currency.

“Exchange rate management has become more challenging with the massive growth of local bourses, because a minor change in the rate could have a wide-range of effects,” said Phi Dang Minh, head of the State Bank’s Foreign Exchange Department.

UNESCAP’s statistics show by 2006, with more than 200 listed joint stock companies, Vietnam’s market capitalisation stood at just $14 billion, or 22.4 per cent of GDP. But, according to the World Bank’s latest report, market capitalisation to date has reached $24.4 billion - 39.2 per cent of GDP. According to estimates, from November 2006 to March 2007, foreign investors have injected about $4 billion into local bourses.

Additionally, over the first four months of 2007, Vietnam has lured $3.51 billion via foreign direct investment, recording 54.7 per cent growth against 2006.

According to an official from Vietcombank’s Foreign Exchange department, local banks are still in dollar surpluses, resulting in banks’ lower dollar trading price than State Bank’s official rate.

In early 2007, local banks were allowed by the State Bank to trade up to 0.5 per cent either side of the daily published official rate from a previous percentage of 0.25.

“A wider trading band for domestic transactions is a good thing to the extent that it allows minor adjustments to take place in the official market rather than in the informal market.

“But, careful supervision of banks and development of more sophisticated instruments to control the money supply are needed to ensure that financial liberalisation does not weaken the capacity of the State Bank to manage the exchange rate while keeping inflation in check,” said Pincus.

VietNamNet - Exchange rates may trip economy in 2007

Originally Posted by arpking

Holy Crap............ My friend at work just called Chase bank to see if his order was in... and they told him the exchange rate for some reason changed to .28 cents? I'm getting on the phone right now with the bank.

.28 usd or .28 of one dinar?

lets hope its real and has the correct .28 dinar figure

Originally Posted by arpking

Holy Crap............ My friend at work just called Chase bank to see if his order was in... and they told him the exchange rate for some reason changed to .28 cents? I'm getting on the phone right now with the bank.

CBI site shows still holding at 1260.
CLM

Just returned from a short trip and have been reading several threads. man, a lot of bashing this week. We all should know by now that rumors are just that. Some based on relationships and some on second or third hand intel. I really believe that not one of us will be aware when this things rv's. One morning it will show up and we all will be blown away. Read the forum for enjoyment and a bit of education. This is a Great Family, I am glad to be a part of it. SGS, OS, NENO, RR keep on keeping on. God Bless. Time to put the coffee on guys, back to lurkin.

Originally Posted by nikki

...(if Susie & RR started their own Dinar forum the flock here would sure scatter) JMO....

Oh yeah, it would be a real Exodus

Originally Posted by Lakeway

Susie be careful or you shall lose your new generation of followers. How may times and for how may years do you expect me to believe this dribble. I have no doubt that you believe it, but at some point we both have to agree that you have some obvious mental shotcomings. Nobody has wanted you to be right more than I have all these years. The fact is that you have been wrong over and over, for years!! Party Party Party!!! We are rich!!! BS!! Your sources have changed 1000 times......and they still aint right.

Listen people and listen well. She has no sources. She is a woman living in Alaska that wishes just like you and me too become rich some day. Don't believe the BS!!

Then why do you waste time reading it and getting all wrapped up in it then? I think we're all old enough to believe and make decisions on our own by now, don't you think? Maybe some people appreciate the heads up, but I'm seriously tired of coming onto threads to get updates and whatever, just to hear stupid stuff like this. If she's been wrong so many times, and has mental shortcomings then simply ignore what she has to say because I'm sure you're on here just as much as everyone else trying to get new information, right? ok then... Until you come up with something better just relax on the name calling, seriously. It's getting really old.

Originally Posted by Sudden Impact

I have a question on this.... any answers?

If an In Country reval did happen last week of May...wouldn't we have heard about it from ANYONE over there? I do not recall hearing this...did I miss an ACTUAL FACTUAL REPORT?

Sudden Impact I'll try to answer this one for you....
I have numerous friends in country and nothing has been heard regarding an "in country r/v" from any of them. Several are located in the IZ so if there were leaks...I'm sure they'd have heard something.

Originally Posted by breakeven

oh no...but I just maxed my cc out based on this sure fire rumour. But...but..erm..what do i do now...i made so many plans for the family...

The funny thing is, I wouldn't be surprised if you did! That joke is getting super old so please come up with some new material. You're on here sifting through the threads like everyone else, hoping that what she's actually posted is true... It's easy to come on here and act like you're all tough and funny posting garbage like this, but someone who is mauture knows something called humility. When to keep your mouth shut!

Originally Posted by arpking

Holy Crap............ My friend at work just called Chase bank to see if his order was in... and they told him the exchange rate for some reason changed to .28 cents? I'm getting on the phone right now with the bank.

SO, WHAT DID YOU FIND OUT?????