FlyerTalk Forums - View Single Post - Vietnam Warning! VND to USD Currency Exchange Issues
Old Jun 10, 2008, 9:13 am
  #7  
jimbo99
 
Join Date: Feb 2005
Location: Hsinchu (Taiwan), Saigon, London
Programs: EVA (diamond), A3, BMI, VN
Posts: 2,960
Originally Posted by jpatokal
There's effectively a run on the Vietnamese dong at the moment, with the stock market in freefall and 12 month forwards contracts pricing it at >22,000 to the dollar:

http://www.viettimes.net/node/420

So it's no wonder you're having problems buying dollars...
Its a pity, the dong has been relatively stable over the last 10 years. Inflation is getting a bit crazy - I hope what ever adjustment happens things settle down.

Just a few weeks ago it was the other way around - there was a shortage of dong and people were having trouble changing their dollars INTO dong.

http://www.iht.com/articles/2008/02/...iness/dong.php
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