Entry Submitted by David Harkeness at 5:20 AM EDT at October 1, 2021
Great news for Venezuela today they have removed 6 zeros off their currency and revalued by UN at the equivalent of 0.2435c USD.
Venezuela have the reserves to support this price.
https://apnews.com/article/business-venezuela-caribbean-4032f1d2b5a956f1fb93ad23765d3909
https://treasury.un.org/operationalrates/OperationalRates.php
The Federal Reserve have confirmed to me in writing that the EME rate shown below of $1.2450 consists of Vietnam Dong and Indonesia Rupiah see the links.
This rate consists of 0.66c for Indonesian Rupiah and Vietnam Dong 0.5678c usd plus some rounding.
https://www.imf.org/external/np/fin/data/rms_rep.aspx
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The above ink at the IMF does not include the Vietnam Dong and Indonesia Rupiah at this stage 2 February 2021
https://www.federalreserve.gov/releases/h10/current/default.htm
https://www.federalreserve.gov/releases/h10/weights/default.htm
It seems FEDS have used this calculation to upvalue the USD currency but at the same time these currencies have not been revalued publicly.
So its time to do this effective 30 September 2021, one would expect the Fed Reserve will do this at their next meeting Monday 4 October 2021 at 4.15 pm and declare a RE VALUED currency at today’s value not 2 February 2021.
I would expect that if this is not done these two currencies will revalue at the UN by removing 4 zeros expected by 13 October 2021.
The Vietnam Government currently have physical reserves to value Dong at 0.3529c usd to support their currency on issue, so one could expect an RV by the UN at no less than 0.44c usd.
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If this occurs their will be no contracts only public rates and no money available for humanitarian purposes through planned contracts. The public will go it alone in doing their own projects or through various Not for Profits.
People need to wake up to what’s happening Globally and this RV.
As for Iraq their rating is B- and stable whereas Vietnam BB and positive.
There is no way that the Iraq Dinar can exceed 0.27c usd people are dreaming.
Lets pray the Fed Reserve and IMF do their job by 4 October 2021.
Kind regards,
David Harkeness
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