Vietnamese Dong? Anyone know about the "re-evaluation"?

[Peatree]

I was gifted two 500,000 Vietnamese Dong bills. Not worth much today since 1 Dollar = .0000047 Dong.

Been informed via an insider that the long awaited re-evaluation is expected to happen over the next 3-4 months on the Dong, and it should re-eval to about .61 per dollar to as much as 2.48 per dollar?

Tempted to go get another 2 million. Would only cost me about $150, but if this paid off it could end up as a rather large windfall. ( $ 1,830,000 up to $7,440,000 )

Looking forward to replies and also am very aware here come the trolls to bang on the Dong....here we go! [You must be logged in to view images. Log in or Register.]

[SamwiseRed]

I like pho

edit: honestly sounds like a scam but if its just 100 bucks I guess it is not that big of a loss. people spend more on lottery tickets so if you dont mind gambling away money then go for it.

[murrpau]

When I was in Iraq, c.2005/2006, there were guys who would go to the bank every pay day and buy another 1 million dinar for about $700 bucks, because "the price of this currency is gonna shoot right up once they get free trade"
That's just what this reminds me of. Someone is trying for a cash grab before the supposed re-eval.
(They get your relatively stable currency, and you're left with a fistful of dong)
I'd say your most rational option is to wait and see with the money you were gifted.

[Byrjun]

Originally Posted by murrpau [You must be logged in to view images. Log in or Register.]

and you're left with a fistful of dong

Nice.

[Knuckle]

Originally Posted by murrpau [You must be logged in to view images. Log in or Register.]

When I was in Iraq, c.2005/2006, there were guys who would go to the bank every pay day and buy another 1 million dinar for about $700 bucks, because "the price of this currency is gonna shoot right up once they get free trade"
That's just what this reminds me of. Someone is trying for a cash grab before the supposed re-eval.
(They get your relatively stable currency, and you're left with a fistful of dong)
I'd say your most rational option is to wait and see with the money you were gifted.

[You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.][You must be logged in to view images. Log in or Register.]

lold a bit

[Peatree]

I suddenly feel dirty now.