In 1991 Billy and Akaisha Kaderli retired at the age
of 38. Now, into their 3rd decade of this
financially independent lifestyle, they invite you
to take advantage of their wisdom and experience.
Simplifying Currency Challenges in Vietnam
Billy and Akaisha Kaderli
My husband, Billy, and I have recently arrived in Saigon,
Vietnam. With 8 million residents, most riding on motorcycles in swarms,
itís quite a bit different from sleepy Panajachel or Antigua,
When the traffic light switches from red to green, itís like a starting
point in a race. There is no single file and a massive group turns left
or right. If you want to cross the street you simply walk into traffic
with your arm raised up to alert the drivers that you are moving into
the flow. Traffic goes at a crawling pace like a choreographed symphony
There is a lot to get used to here Ė the change of
weather, the contrast from Latin to Asian cuisine, the difference in
languages and the increase in the tempo of life here. But the biggest
challenge we face is figuring out the exchange rate of the USDollar to
the Vietnamese dong.
US dollar equals 21,277 dong. There are lots of zeros printed on the currency
and to make it convenient for our comprehension, the first thing we did was to
lop off three of them. It makes it easier figuring out pricing in our head and
eliminates some punches on our calculators. For our purposes, we use 20
(thousand) dong to equal $1USD, 40 (thousand) dong equals $2USD, 60 (thousand)
dong equals $3USD and so on.
(thousand) dong equals 5 cents, 10 (thousand) dong equals 50 cents, 100
(thousand) equals $5USD, 500 (thousand) equals $25.
you confused yet? This system is supposed to make it a snap!
Without so many zeros, we find it simpler to navigate through most daily
purchases. The colors of the money still do not have a lot of significance to us
yet and different denominations are also assorted sizes. So our wallets have
wads of colorful pieces of money sort of like monopoly.
With the separation in language, everyone hugs their calculators since itís a
form of communication we all understand. Touch an object and the vendor brings
out his cell phone-size number machine and begins pounding away. Step back or
shake your head ďnoĒ and the price drops right away. Touch another item and the
process begins all over again.
Popular grocery stores called coops have prices marked clearly. Again, we simply
lop 3 zeros off the amount and begin our system to understand what we are
paying. A 12-pack of individual serving sized yogurt costs 56,000 dong, or less
Taxi drivers use a meter here with the number ď12Ē as the beginning fare. This,
of course, means 12,000 dong but they have trimmed 3 zeros off as well for
simplicity. A short 5 minute ride is 27,000 dong or less than $1.50USD.
provides us with a private driver as a translator for when we go shopping, but
itís our style to be hands on. Iím sure it will all get more familiar with time,
but for now we have this short system in place and it seems to be working just
For more stories and photos
of Vietnam, click here
About the Authors
Billy and Akaisha Kaderli are
recognized retirement experts and internationally published authors on topics of
finance and world travel. With the wealth of information they share on their
they have been helping people achieve their own retirement dreams since 1991.
They wrote the popular books,
The Adventurerís Guide to Early Retirement and
Your Retirement Dream IS Possible.
information about financial independence and travel, visit our