A couple of weeks ago, we’ve heard of black market trading offices around the city closing down because of the government’s move to bring the exchange value of the dong to the official rate. Legitimate money exchangers can only exchange dollars to dong. 😦
Although banks are starting to sell dollars now for people leaving the country for a trip, like Dong A Bank (300 USD for a trip of 7 days) and HSBC (500 USD for each trip), I guess it still ain’t enough.
For some, apartment owners demand that you pay in dollar. Even if you tell them that the law states that we pay in dong, owners insist you pay in dollar. 😦 We were lucky because our past 2 apartment owners allowed us to pay in dong based on the exchange rate at their chosen bank. I actually don’t understand why they insist on the dollar when clearly, they use dong in their everyday lives.
Such a hassle for renters to withdraw millions of dong (thick wads of paper money!), then go to the black market to buy dollars, then pay the owner. The move of the government to catch these black marketeers is actually a good alibi to tell these greedy apartment owners that you can’t buy dollars. Period.