Vienta city, Vietnam – Vientans will soon be able to trade their favorite currencies for a wide range of goods, from car rentals to coffee and chocolate.
Vienta’s city-run exchange, the Vientian Currency Exchange (DC), has partnered with several international banks and exchanges to offer international money transfers, including PayPal, the U.S. dollar and the euro.
The exchange will offer $US20, $USD25, $CAD50, $NZD100 and $US100, to be converted into Vietnamese, U.K., French, Swedish and Italian dollars, yuan and euros.
Vientan Currency Exchange DC will also accept Visa, Mastercard and Amex cards.
The exchange says it has partnered in the past with more than 100 international banks, including Barclays, Banco Santander, Santander Group and Credit Suisse.
“We are proud to support this new market, which has been the center of the international exchange market in Vietnam, as well as our customers and customers’ families,” said Vientan Commerce Minister Vien Phan Phong.
DC was created in 2013 by the U,S.
Department of Commerce to promote exchange of Vientas currencies, among other things, as a way to diversify the local currency.
Currently, Vientania’s currency is VND 3,742 ($US23.75).
Vien Phong said the DC will soon have more than 1,000 businesses and 300 merchants accepting Vientoan currencies.
“Our goal is to establish a new, global business model for exchange services in Vien,” he said.