Entry Submitted by David Harkness at 1:36 AM EST on December 30, 2021
Dear Highlander,
If you have some banking knowledge and know how to read figures you would be able to work out that the Treasury have book rate of 0.5637c per 1 USD for the Dong.
This is not a public rate yet but in the peg of the USD currency for their benefit and that not of the public .
The USD is now becoming weaker perhaps because the public rate for the Dong is going to be a lesser amount.
I expect the RV to happen sooner than end of January 2022.
Hang in their Highlander .
We are all frustrated .
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I have much more information I am unable to share at this time.
The USA bankers keep saying 3 January 2022 given the value is already imputed in their currency but not public .
So hence my email below.
I don’t expect a reply but you never know .
Kind regards,
David Harkness
From: David Harkness
Sent: Tuesday, 28 December 2021 1:31 PM
To: ‘Board of Governors of Federal Reserve System – Public Affairs’ <BDM-public-affairs-frb@frb.gov>
Subject: : Economic Data – H.10 – Foreign Exchange Rates (weekly)
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Dear Sir/Madam I hope you enjoyed your Christmas .
Now that Vietnam is off the list of currency manipulators will their currency value be fully reported to the public and move to your front page of your H10 on 3 January 2022 .
Please see above article ,we would now hope a true value would be declared to the public on the 3 January 2022 before Freedom Day 4 January 2022.
I have removed some details for security reasons and confidentiality.
Kind regards,
David Harkness
Dear David :
Thank you for your recent correspondence to the Federal Reserve Board. We are unable to make statements regarding the US dollar’s relationship with the oil market. We do not have a set date for the next weight update at this time, but it is likely to occur in late January or early February.
Indonesia and Vietnam are included in the EME and broad dollar indexes, but their individual exchange rates are not included in our H.10 and G.5 releases. There are no plans for changing the series released in the H.10 or G.5 at this time.
Please note that this email account is not monitored. If you have additional questions, use the “Contact Us” form at https://www.federalreserve.gov/apps/ContactUs/feedback.aspx
Sincerely,
Board Staff
From: David Harkness
Date: Friday, July 2, 2021 12:00 AM
Reference Number: 202100096045
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Dear Sir /Madam thank you for your prompt response .
Does this mean that the USD inversely continues to be tied to the Oil Price and Petro Dollar .
I have one more question in relation to your following links on your web site .
https://www.federalreserve.gov/releasores/h10/current/default.htm
https://www.federalreserve.gov/releases/h10/weights/default.htm
Under the currency weighs you list the Vietnamese Currency , I notice the last weighting under this table was 21 February 2021 when is the next date for re weighting.
The H6 implies a value of the Vietnamese and Indonesian currencies both emerging countries in particular Vietnam with an improved rating .
Where does the Vietnamese and Indonesian currency appear on the H10 is this under EME or AFE .
Vietnam and Switzerland have been released formally from being viewed as market manipulators of currency .
When will both the Vietnamese and Indonesian currencies listed as standalone values on H10 .
I can’t find the Vietnamese Currency quoted by an American Bank why would this currency not be listed by your Banks.
I patiently look forward to your response .
Please enjoy your two important days ahead Independence Day and Freedom Day with your family and friends and stay safe from C---d 19 .
Kind regards,
David Harkness
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