[bruinbirdman]

"You can never have too much dong... "

1 United States Dollar (USD) = 20,865 Vietnamese Dong (VND)

yitbos

[decal]

Imagine, wheelbarrows full of dong...

[Army Air Corps]

And that is the official exchange rate; you get even more for your dollar on the unofficial exchanges.

[ThanhPhero]

Viêt Nam tries to keep the đông at par with the dollar. After a while it gets out of whack and the government resets. The exchange rate is not an old time "official" rate that deviates from the street rate but the government controls money creation to maintain the rate. The difference between changing money at TSN with a bank agent and at a gold shop has been miniscule. The continuous influx of North Korean $100 USD bills that are undetectable except by US Treasury equipment, which isn't shared, is enough to make for noticeable inflation in the Vietnamese economy. The price inflation is apparently severe in Hà Nội but only mild in Sài Gòn and even less in the smaller places. An old friend who has been employed in Hà Nội for several years moved down to Nha Trang and says it is nicer there and much cheaper now.