Flyers1 Posted October 29, 2011 Report Share Posted October 29, 2011 The State Bank of Vietnam set the daily reference rate at 20,803, compared with 20,788 yesterday, according to its website. The currency can trade up to 1 percent on either side of the fixing. The dong has weakened due to “complicated” movements in the local gold market and the foreign-exchange market “has not stabilized yet,” the central bank said in an Oct. 24 report posted on its website. The dong fell 0.1 percent today and this week to 21,009 per dollar as of 4 p.m. in Hanoi, according to prices from banks compiled by Bloomberg. It was the currency’s weakest level since June 1993. Government bonds were steady. The State Treasury sold 300 billion dong ($14.3 million) of five-year bonds at 12.15 percent and 700 billion dong of three-year notes at 12.10 percent at an auction yesterday, according to a statement posted on the Hanoi Stock Exchange’s website, where the sale took place. Both rates were unchanged from the previous two auctions held on Oct. 6 and Sept. 29. The treasury had offered 1 trillion dong each of the notes. The yield on the five-year notes fell one basis point, or 0.01 percentage point, to 12.44 percent, according to a daily fixing price from banks compiled by Bloomberg. The yield rose two basis points this week. “Bond yields in the secondary market will be hovering over these levels for a while unless the government changes the rates at auctions,” said Nguyen Tien Hai, the Hanoi-based head of fixed-income at Bao Viet Fund Management Co., a unit of Vietnam’s biggest insurer. “Demand for bonds is quite low.” (Bloomberg) http://bit.ly/us0OOe 2 1 Link to comment Share on other sites More sharing options...
Elixirbaby Posted October 29, 2011 Report Share Posted October 29, 2011 My dong just shrank again. 4 Link to comment Share on other sites More sharing options...
Fearless Four Posted October 29, 2011 Report Share Posted October 29, 2011 Thanks for the post, what goes up must come down...vice versa! 2 Link to comment Share on other sites More sharing options...
Dah-kota Posted October 29, 2011 Report Share Posted October 29, 2011 My dong just shrank again. Glad I don't have a *Dong* 1 Link to comment Share on other sites More sharing options...
colts469 Posted October 29, 2011 Report Share Posted October 29, 2011 My dong just shrank again. makes me think of smilin bob Link to comment Share on other sites More sharing options...
DinarBot Posted October 29, 2011 Report Share Posted October 29, 2011 Glad I don't have a *Dong* DinarBot too. Maybe in 27 months. On Back Order. DinarBot has vibrate mode. Does that count. 2 Link to comment Share on other sites More sharing options...
FishmanTx Posted October 29, 2011 Report Share Posted October 29, 2011 things tend to shrink the older they get... Link to comment Share on other sites More sharing options...
Canuklady Posted October 29, 2011 Report Share Posted October 29, 2011 You guys are hilarious! I was initially told I would be holding on to it for years, but got my hopes up when the rumor mill started. I guess it's back to the original plan to put it away and forget about it. Part of me is thinking I should get more (buy low, sell high), but I just hope I don't end up with a ton of worthless Dong! Link to comment Share on other sites More sharing options...
zigmeister Posted October 29, 2011 Report Share Posted October 29, 2011 Updated : Fri, October 28, 2011,2:04 PM (GMT+0700) Following the 14th increase so far this month of the interbank dollar exchange rate, the ceiling price of the dollar at banks today surpassed the VND21,000 mark. The State Bank of Vietnam today increased the interbank rate by VND15 to VND20,803 a dollar, sending banks’ ceiling price to VND21,011 a dollar. The interbank exchange rate has risen by VND175, or 0.85 percent since September 7 when the central bank said the depreciation would not be more than 1 percent this year. The dollar price on the black market has recently slumped after the government increased the maximum fine on illegal trading of foreign currencies to VND500 million from VND70 million. The greenback yesterday fell by VND250 to VND21,500. Meanwhile, gold in Vietnam this morning rose by VND700,000 compared with yesterday closing to over VND45.5 million a tael (37.5 grams), the highest level since September 27. It was sold at VND45.55 million a tael in Hanoi and VND45.6 million a tael in Ho Chi Minh City. According to Kitco, spot gold was quoted at US$1,745.4 an ounce at 10 am today. With the official exchange rate, the gap between domestic and global prices was VND1.3 million a tael. With the black market rate, the gap was VND300,00 Read more: http://dongtalk.com/#ixzz1cC8lvKCB'>http://dongtalk.com/#ixzz1cC8lvKCB http://dongtalk.com/ Link to comment Share on other sites More sharing options...
krome2ez Posted October 29, 2011 Report Share Posted October 29, 2011 (edited) I am now officially broke in 3 countries. Edited October 29, 2011 by krome2ez 6 Link to comment Share on other sites More sharing options...
littlefeet Posted October 29, 2011 Report Share Posted October 29, 2011 I am now officially broke in 3 countries. Ain't that some stuff.............daggone! Link to comment Share on other sites More sharing options...
Canuklady Posted October 30, 2011 Report Share Posted October 30, 2011 I am now officially broke in 3 countries. Plus one to you for the funniest post I read today! Link to comment Share on other sites More sharing options...
ronbo62 Posted October 30, 2011 Report Share Posted October 30, 2011 My dong just shrank again. hahahaha, Too bad for you. But it's way better to have a littl dong than no dong at all. Go RV Link to comment Share on other sites More sharing options...
dog53 Posted October 30, 2011 Report Share Posted October 30, 2011 Thanks for the post, what goes up must come down...vice versa! Yep dongs are like that . Yes they are Link to comment Share on other sites More sharing options...
skitealwedrop Posted October 30, 2011 Report Share Posted October 30, 2011 My dong just shrank again. Elixir, There's always something wrong with your Dong. I feel bad for your wife. LMAO! Ski Link to comment Share on other sites More sharing options...
Elixirbaby Posted October 30, 2011 Report Share Posted October 30, 2011 Elixir, There's always something wrong with your Dong. I feel bad for your wife. LMAO! Ski :lol: Just the opposite. She wishes something was wrong with my dong. :lol:VND of course. Go RV Link to comment Share on other sites More sharing options...
skitealwedrop Posted October 30, 2011 Report Share Posted October 30, 2011 :lol: Just the opposite. She wishes something was wrong with my dong. :lol:VND of course. Go RV Now that sounds like a better scenario. Link to comment Share on other sites More sharing options...
dhardage Posted October 30, 2011 Report Share Posted October 30, 2011 :lol: Just the opposite. She wishes something was wrong with my dong. :lol:VND of course. Go RV I LOVE IT!! You know we love you, right Elixer? Link to comment Share on other sites More sharing options...
Elixirbaby Posted October 30, 2011 Report Share Posted October 30, 2011 I LOVE IT!! You know we love you, right Elixer? This is the best part about this site. We get the news and updates, then we get to laugh. And that's the best part. Go RV Link to comment Share on other sites More sharing options...
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