January 20, 2023

Psychology Of Money

I wrote Psychology Of Money after having some thoughts on currency denominations in Vietnam. I published this in Ho Chi Minh City, Vietnam.

I am a millionaire. A millionaire in Vietnamese Dong. A few thousand on coffee. A few hundred thousand on dinner. Most places cut zeroes from prices and quote one hundred instead of one hundred thousand. The current conversion rate for 100,000 Vietnamese Dong is about 3.50 British Pounds. It is excellent. But the denominations have a psychological effect on spending. There is a hesitation. Then you remember the rate.