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[37] 17 August 2010, The SBV further devalued the VND by 2.04% to 18,932 VND/USD, an increase of 388 dong from the previous rate. [ 37 ] [ 38 ] On 11 February 2011, the State Bank of Vietnam (SBV) announced a decision to increase the interbank exchange rate between USD and VND from 18,932 VND to 20,693 VND (a 9.3% increase).
Dong Re Lao Mountain is located at in the A Shau Valley, Vietnam, near the Laotian border It is densely forested and rises to 4,879 feet (1,487 m), just north of A Luoi, a former French airfield.
The first đồng issued by the communists controlling northern Vietnam was introduced on January 31, 1946, and replaced the French Indochinese piastre at par. Two revaluations followed.
VND Index also known as the Trade Weighted Vietnam Dong Index, is a measure of the value of the Vietnamese đồng (VND) relative to majority of Vietnam's most significant trading partners. Methodology
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.
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official reduction in the value of the currency.
Revaluation – Official increase in the value of a country's currency within a fixed exchange-rate system; Capital appreciation – Increase of value of finance over time (Accounting term) Currency carry trade – Uncovered interest arbitrage (investors borrow low-yielding currencies and lend (invest in) high-yielding currencies).
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation.It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation.