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On 14 September 1985, the dong was revalued again, with one new dong worth 10 old dong. At that time, Vietnamese economists believed that revaluing the currency would increase its value, but it turned out to have the opposite effect: savings of many people were wiped out, the currency experienced unprecedentedly heavy inflation that peaked at ...
This mechanism allows the dollar–dong exchange rate to adjust gradually to changing market conditions. [36] This was set at 3 percent either side of a fixed rate set each day by the SBV, however, it was increased to 5 percent in October of 2022. [96] As of December 27, 2024, a US dollar is worth 25,448 Vietnamese đồng.
In 1953, 10, 20 and 50 su coins were introduced. In 1960, 1 đồng were added, followed by 10 đồng in 1964, 5 đồng in 1966 and 20 đồng in 1968. 50 đồng were minted dated 1975 but they were never shipped to Vietnam due to the fall of the South Vietnamese government.
From Boeing's turbulence and a catastrophic hurricane, to Donald Trump's election victory, "Sunday Morning" host Jane Pauley looks back at key events of a year that was monumental.
Advent and Christmas come with many different traditions, including those of the culinary variety. Here's a look at three different food customs from around the world.
(Reuters) -U.S. lender JPMorgan Chase agreed on Friday to drop its lawsuit against Tesla that accused the electric vehicle maker of "flagrantly" breaching a contract between the two companies in ...
Incombank changed its name to Vietinbank in April 2008. [8] It was listed on the Ho Chi Minh City Stock Exchange in July 2009. [8] Vietinbank had two major increases in its chartered capital in 2011 by issuing more shares to existing shareholders, thereby increasing chartered capital to 20.23 trillion VND by the end of the year (around $1 billion).
Victims of major public corruption cases in Pennsylvania and Illinois are angry that President Joe Biden granted clemency this week to two convicted officials.. The commutations were announced ...