“RV Fact or Fiction” by David Harkness – 8.5.21

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Entry Submitted by David Harkness at 4:11 AM EDT on August 5, 2021

It seems that the Gurus don’t know the difference between either and keep making statements that are not factual or with any support for their statements.

The Members are completely fed up and disappointed with statements being made that are not factual and in most cases absolute rubbish particularly the last statement that the holdup is the FDIC which is utter nonsense  and complete fiction.

The RV  is under way and is controlled by the IMF not the Federal Reserve.

I have been watching the progress of the IMFS  revaluation of various members currencies over the last two weeks along with  the new SDR allocations being calculate and allocated.

The Federal Reserve have allocated a value to the Vietnamese Dong under emerging allocations  and also price the currency at what seems 0..567c USD per 1 Dong. See attached link.

It would appear that under your allocation of the SDR Vietnam spread sheet below is would seem your valuation of the Dong would be 0.7015c usd per 1 Dong.

We are waiting for the IMF to confirm when the Vietnamese Currency will be posted on their  web site and at the new value no interest in the Dinar that is struggling to happen right now.

We expect the current delay is agreement with Iraq, as it seems all issues with Vietnam and Federal Reserve are cleared now see below articles.

http://vietnamnews.vn/economy/995530/us-vn-reach-deal-on-valuations-of-the-d
ong.html

http://vietnamnews.vn/economy/994904/viet-nam-named-among-worlds-top-20-host
-economies-for-fdi-for-the-first-time.html

https://www.imf.org/en/News/Articles/2021/07/12/pr21213-imf-md-kristalina-georgieva-proposal-gen-allocation-sdrs-equiv-650b-board-governors-approval

https://www.imf.org/external/np/fin/data/rms_rep.aspx

https://www.imf.org/external/np/fin/data/rms_five.aspx

https://www.imf.org/en/Countries/VNM

https://www.federalreserve.gov/releases/h10/weights/default.htm

https://vietnamnews.vn/economy/997394/us-removes-tariff-threats-against-viet-nam.html

http://vietnamnews.vn/economy/1000270/2021-vietnam-annual-economic-report-la
unched.html

Kind regards,

David Harkness

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