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Entry Submitted by David Harkness at 6:08 PM EDT on November 9, 2021
https://www.federalreserve.gov/releases/h10/weights/default.htm
https://www.federalreserve.gov/releases/h10/weights/default.htm
I wonder why the Federal Reserve have posted the new revalued rate for Venezuela which was posted first by the UN and yet they have not posted a valuation of the Vietnamese and Indonesia Currency from the currency weights page and within the EME rate of 124.7465.
By deduction it would seem from the weight listing of the Vietnamese Dong has a value of 0.5378c USD yet at the UN sight 0.000044c this is a very large difference.
https://treasury.un.org/operationalrates/OperationalRates.php
Why has the public not be told by the Federal Reserve of their revaluation of the Vietnamese Dong that supports USD and yet the UN has a far different value.
When will the Federal Reserve declare the true value of the Vietnamese Currency to the world and when will the UN do the same and correct the value to Federal Reserve carrying value.
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The UN have revalued the Venezuelan Currency a far weaker currency then Vietnam why have they not revalued the Vietnamese Dong.
https://treasury.un.org/operationalrates/default.php
Next meeting at UN Treasury 11 November 2021.
Kind regards,
David Harkness
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