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1-3-2013 Dong Intel Guru TerryK FIRST OF ALL, THE DONG IS GOING WITH THE DINAR. ITS ONE OF THE PRIMARY 11 CURRENCIES IN THE BASKET. SECOND, THERE ARE 194 COUNTRIES THAT ARE INVOLVED IN THIS ECONOMIC RESET THATS ABOUT TO TAKE PLACE. OK, HERE IS WHAT I GOT AND ITS HOT. TONIGHT IS RED HOT. RED HOT. HAVE ANOTHER CALL COMING IN SOON TO GIVE ME MORE DETAILS. TREAT AS RUMOR OF COURSE.
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12-9-2012 Intel Dong Guru Blaino About tomorrow and what this way comes!!! we (panda express team & our guys'es) are seeing some indications that vnd MAY... "may" open tomorrow...Bid is 1.74 to the usd and ask is 2.38...that's units not PRICE...Remember : it's 2.38 vnd to the USD...To one USD...So about $.42.
12-4-2012 Intel/Newshound Dong Guru Poppy3 Another rumor is the Dong RV'ed in Europe. Sources have not validated this as of yet. I was told it was showing on bank screens around the globe except for in the U. S. Take this as rumor. I can't believe that they can RV in one country and not the rest. I'm very encouraged as there is a lot of talk around the globe about what is about to happen. Hopefully they get the laws passed & get them done quick. There are so many articles saying January 1, they have to get things done prior to January 1 for anything to happen in the 1st of the year. I am looking for a lot to be accomplished this month. [post 2 of 2]
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11-28-2012 Intel Dong Guru Hammerman Sources are saying the VND is in play. It has been showing up in different places worldwide. As of yesterday it was on Bloomberg. It was showing at about $.05 for about 10 hours yesterday, but we can't cash out as of yet. There is definite movement on the VND. China wants it to go, the whole world wants it to go. The world is tired of waiting on the IQD. If they get their way, the VND will set off the global reset. [post 2 of 2]
11-24-2012 Intel Dong Guru TerryK ALL IS GOOD IN THE DINAR WORLD...NEWS POINTING TO THIS BLESSING TO BE CONCLUDED MONDAY...I DO HAVE A PIC OF A RATE ON FOREX LOCKED IN FOR THE IQD AND VDN THIS WAS TAKEN THURSDAY...HAVE A CALL COMING LATE TONIGHT FROM CHINA SOURCE... IT [VND ?] WAS .047 ALMOST 5 CENTS...MAYBE THE RV SHOWING MONDAY.
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11-21-2012 Intel/Newshound Dong Guru Poppy3 People are wanting to know more about the Vietnam Dong. Nationwide people are learning that there is a viable possibility of an RV of the VND. An article yesterday said that their GDP [Gross Domestic Product] and their volume of growth is more than double than anticipated so hopefully it will be a little bit higher RV than we anticipated. The status of it right now...I am expecting a call from contacts that deal with the international banking community and are on the ground over there right now.
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11-21-2012 Intel Dong Guru Footforward The dong will never be over $2, never be over $1, never be over $.50, ever, period. It is very unlikely to be over $.20. The dong will be lucky to come in at $.05, but it is still a great investment. The IQD will far out pace the VND. The dong is not going to be the better option. We have recently been hearing the dong is going to go early. The reason for this misinformation is so that you will sell your dinar & buy dong. There will be zero chance to double dip. The dong & dinar will go together. I believe that things are moving & going to happen. This has to happen soon.
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7-26-2012 Dong Guru Adam Montana My personal opinion: I think the VND has just as much chance to RV as the Dinar, but i think it will be a much smaller return. The IQD has much more potential.
[Blaino] Vietnam Grows:::: The leading country among frontier markets has been expanding faster than most emerging markets. Vietnam's GDP has grown 7.2 percent annually on average since 2000. Still, the country's benchmark VN Index (VNINDEX) tumbled 27 percent in 2011 as consumer prices surged as much as 23 percent, the fastest pace in Asia. Stocks in the emirates of Dubai and Abu Dhabi trade at some of the cheapest levels worldwide. The Dubai Financial Market General Index (DFMGI) was valued at 6.7 times analysts' profit estimates at year-end, while the ADX General Index traded for 7.5 times, compared with a global average of 10 times, according to data compiled by Bloomberg. "Valuations are at historic lows," says Fadi Al Said, senior investment manager at ING Investment Management in Dubai. "And the businesses are actually doing well."
Vietnam’s Central bank buys $6.23 bln for national reservePosted: April 11, 2012 in Asian Currency Markets
this comes via Currency Newshound....
VietFinanceNews.com – The State Bank of Vietnam has used around VND130 trillion to buy $6.23 billion worth of foreign currencies from banking systems for the national reserve.
The central bank has also sold some $100 million for the banking system, SBV Governor Nguyen Van Binh said at a recent meeting with the chairpersons and general directors of 14 Vietnamese commercial banks.
Vietnam’s foreign exchange reserves as of mid-March jumped 25-27 percent over the end of last year, said the central bank governor in a press conference early last month. Governor Binh then said the forex reserve surged 50 percent in 2011 over 2010.
Vietnam’s forex reserve was at $13.5 billion, equivalent to the payments for six weeks of imports following the International Monetary Fund’s norm, in the middle of last year, according to the IMF’s data.
The reserve had shrunk to about $10 billion by the end of 2010, said then Minister of Planning and Investment Vo Hong Phuc.
The SBV today held the benchmark rate at VND20,828 a dollar for the 15th week in a row, the longest streak of keeping the rate unchanged this year.
Liquidity constraints eased
The liquidity situation of banks has significantly improved over the end of 2011, said Binh at the meeting.
Interest rates on the interbank market have declined dramatically, with the overnight rate dropping to 6 percent a year.
This is the basis for the expected downward trend of interest rates in the coming months, he told Sai Gon Dau Tu Tai Chinh newspaper.
At the meeting, the central bank also required commercial banks to announce packages for the lowering of interest rates and report the situation to the Monetary Policy Department before April 12.
To facilitate lending, SBV will consider delisting some content to reduce certain restrictions for non-preferable lending, including real estate and consumer loans.
The central bank has also planned to reduce the risk ratio for property-backed and securities-backed lending from 250 percent to 150 percent and raise the loan/deposit of banks from 80 percent to 90 percent, and of financial firms from 85 percent to 100 percent.
This was one important aspect of the draft to amend and supplement some clauses of Circular No 13/2010/TT-NHNN dated back to May 20, 2010. As scheduled, the amended circular will be effective from June 1, 2012.
The Central bank will soon issue the document to expand lending activities of commercial banks and anti-unfair competition, and encourage banks to detect cases of offering depositing rates over the ceiling of 13 percent, pledging to handle those cases seriously.
The central bank will continue maintaining the interest rate cap, while considering the abolishment of the interest rate ceiling if objective conditions are met in the end of Q2 or the beginning of Q3.
It had previously planned to reduce benchmark interest rates by 1 percent every quarter, expecting rates to ease to 10 percent by year-end, according to newswire VnExpress.
SBV will lower the deposit interest rate cap by another 1 percent to 12 percent thanks to more stable macroeconomic indicators, slowing inflation, and improved bank liquidity, VnExpress quoted Do Thi Nhung, deputy head of the SBV’s Monetary Policy Department, as saying.
Vietnam’s credit growth as of March 20, 2012 was negative 2.13 percent, according to the report of Vietnam National Financial Supervisory Commission (NFSC).