Entry Submitted by David Harkness at 3:05 AM EDT on July 25, 2021
The quote “from Darkness comes Light” appears to be very true!
The IMF have been working all day Friday, 23 July 2021, starting mid-morning and mostly completing by 21:53:05 ET.
Below, is the final RV calculations for what has been Revalued:
The rates quoted some new revalued currencies and were quoted globally, and are available to the public.
The outstanding currencies yet to be revalued / finalised are as follows (They are listed at a zero value):
Saudi Arabis Riyal
The Vietnamese Dong and Indonesian Rupiah are to be added.
It would seem possible that the listed price of these two currencies, at the Federal Reserve, (set on 21 February 2021) is much higher value than what the IMF may wish to quote.
The IMF appears to have agreed, on the 21 July 2021, to a new rate for the Vietnamese currency against USD.
The Iraq Dinar, I expect, will be added and may become the base price for other Middle East Currencies currently showing a zero value.
During the day, I watched the building of the above mentioned table, starting with the key currency quotes of those considered not undervalued. They were the Chinese Yuan, Euro, UK Pound, USD at 1.00 the peg.
The IMF made a comment that the Chinese Yuan was not considered under valued.
As the day went on, the undervalued currencies were added at a revalued rate.
I would expect the IMF will finish the valuations of those missing currencies early next and quote the public global rate for those currencies not yet quoted.
At this point, these missing currencies will be activated globally and exchangeable at any bank.
The Shot Gun approach has started, and is under way and looking like completing well before other tiers and contracts are completed.
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