Will the dong overtake the dollar?

[Devastatin Dave]

With the dollar going teets up, will the dong take over the dollar? Discuss...

[Vladimir]

I'm in!

Edit: Well the shrinking dollar has stretched the dong relative to it. Unfortunately the dollar will shrink due to cool economic conditions making the dong much more attractive. Personally I'm hoping that I'll be able to stretch my hard earned dollar in the near future, but not too much. If it stretches too much it may cause a chafing of the economy. It doesn't matter what your currency is, if it's too strong it actually decreases your competitiveness making you, I mean it, less attractive to other "markets". Remember that any shrinkage is short term as long as conditions heat up again.

[Don Corleone]

What the hello is 'the dong'? If you're referring to my 'unit', it's worth a lot more than a dollar, just ask Mrs. Corleone.

Do you mean the Yuan (the Chinese currency)?

[Xiahou]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

1 US Dollar = 16,235.9 Vietnamese Dong

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[Vladimir]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

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They could always devaluate their dong in order to expand their economy.

[Geoffrey S]

Sounds like they'll need to keep inflation of their dong under control.

[Vladimir]

Sounds like they'll need to keep inflation of their dong under control.

Well things are heating up down there and you know what that does.

[Devastatin Dave]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

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Man, thats a lot of dong. So appearantly the dollar is a lot bigger than the dong. So 1 dollar can satisfy the economic outlook better than 16,000 dongs. Is it the strength of hard currency or the less flexibility in international markets of the dong?

[Don Corleone]

Well, you have to consider economies of scale. The dollar penetrates much more deeply into markets all around the globe. The dong only rarely enters exchanges outside its native Vietnam, and even then, most of the lucrative markets yield to the pressure and exchange the dong for the dollar, the first chance they get.

[Vladimir]

Good point Don. Nothing lubricates the international market like the dollar.

[Veho Nex]

Is it just me or did this turn into something more. Any ways I believe the dong will take over because it has such a funny name

[Shaka_Khan]

Well, 1 dollar is worth over 16,000 dongs. So it's likely to be awhile before it overtakes the dollar.

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If that happens, then there'd be something very wrong with the U.S. economy. Although a dollar is valued more in Vietnam than it is in the States because of the cheaper prices in Vietnam, it doesn't mean that a Vietnamese would consider 1 dong as the same as an American would value 1 dollar. This is because of inflation in Vietnam ever since Vietnam went capitalism. Other economies that have grown quickly experienced high inflation (such as Japan and South Korea). So when you see a 500 dong coin, don't think that it's worth a lot to a Vietnamese like you would consider 500 dollars.

[Vladimir]

I like the pinkish hues of that Dong. It's also the right size to fit comfortably in one's hand. An American sized Dong would be too big.

[Papewaio]

Also green with an oily tea scent - Texas Tea that is.

[Evil_Maniac From Mars]

Threads like this get me thinking - are we looking for excuses to slide puns into our responses?

[KukriKhan]

Wait.

What's that sound?

Oh.

Ho spinning in his grave.

[Devastatin Dave]

Ho spinning in his grave.

I wonder if Ho got more satifaction from the dong or the dollar?

[Lemur]

I can't imagine Ho would be sweating; many currencies are nailed to the dollar, pegged to it firmly, rising and falling as it goes up and down, up and down. The dong, however, is a free-floating hard currency, and it slips and slides all over the place before coming to rest in its natural state of liquid equilibrium.

[Papewaio]

The dollar does rely on a lot more oil lubricant to help stiffen its resolve. The dong relies more on an attractive exchange to get up and go. One has to remember that after exchanging dollar for dong you are left with a much larger wad then if you held the currency in dollars.

[Somebody Else]

After some not so extensive research, I have discovered that when offered, most men prefer to receive dollars than dong. Women, however, being less financially minded, seem to welcome the dong. Though, I suppose one can get a lot of dong for one's buck...

[InsaneApache]

So guys, will Ho be more receptive to the dong or wait until the dollar firms up to pre-inflationary volumninosity?



NB:what have I done to give DD this thread idea?

[Meneldil]

Oh my god, this was by far the best thread I've ever read here.

[Lemur]

Can we all agree that shorting the dong is a bad idea? Personally, I recommend going long on dong.

[TinCow]

I wish to emphasize that dong necromancy is highly frowned upon. An old dong simply does not have the staying power of a new dong and is likely to disappoint those looking for satisfying entertainment.

[Papewaio]

Tell that to the senior members...

[Montmorency]

The Vietnamese government has recently instituted a restrictive freedom-of-movement policy affecting Vietnamese citizens to mitigate the continual flow of the nation's dongs into foreign countries?

[a completely inoffensive name]

Penis.