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Entry Submitted by David Harkness at 5:12 AM EST on January 27, 2022
Please look at the money in the street in Bolivia discarded as garbage.
Interesting, but what people don’t understand is that their currency has gone digital and at 0.21c usd
So the people should be exchanging the paper money for digital currency
Are the banks not telling people to do that?
Possibly more money on issue burnt more the value the digital currency is, but they have to withdraw what’s on issue so there must be a redemption process
So we don’t know what is actually happening you can’t just withdraw currency unless you collect it first
UN Operational Rates of Exchange – Rates
https://treasury.un.org/operationalrates/OperationalRates.php
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The Fed – Foreign Exchange Rates – H.10 – January 24, 2022
https://www.federalreserve.gov/releases/h10/current/default.htm
Also Venezuelan digital currency is listed at Fed
Venezuela is a digital currency
Vietnam is not going digital until 2023 plus we have a redemption that is available for 30 days repurchase of currency
Perhaps they will do as Vietnam did in 2003 cancel currency.
Perhaps that is what Central Bank of Vietnam is planning
Cancelling currency does not help any one in particular their own people and their economic growth
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The above link shows Dong at 2.237 this means 2.237 Dong is equal to the 1 usd or 1 divided by 2.237 is 0.4470c usd.
Unfortunately the Fed have not declared this to the public.
http://www.floatrates.com/currency-usd.html
Iraq Dinar is now 1531 per I USD today.
UN last carrying value 1460.
So when they adjust the Iraq Dinar it should be 1usd 15.31 which is 0.0635c USD this is why the Gurus say 15 .00 they have is a**e about.
15 dinar equals 0.0635c at present
The Central Bank of Vietnam and UN are expected to do so 28 January USA time we ALL hope this is the case effective 1 February 2022 Chinese New Year an Omen and Ground Hog Day 2ND February USA time.
David Harkness
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