“UN Fails to RV Iraq Dinar on 25 February 2022” by David Harkness – 2.25.22

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Entry Submitted by David Harkness at 7:51 PM EST on February 25, 2022

It  seems  for political reasons the UN  will not  do the  RV of the Iraq Dinar  until  they  form  Government.

https://ninanews.com/Website/News/Details?key=958948

UN Treasury have fixed  a rate of 1450  next review 11 March 2022. 

At the  same time   the Iraq Dinar  is trading  at the  moment  at 1502.96  as  set by Central Bank of Iraq..

Why  would they  hold  up the RV for Vietnam  and  Indonesia  when they are both  politically and   economically compliant  .

UN Treasury  show  rates of  14347 for the Indonesian Rupiah  and  22815  for Vietnamese Dong .

If  the UN Treasury removed 4 zeros  we would have  0.693 USD   and 0.4385 USD  respectively  for the above  currencies.

These  rates are in line with the Federal Reserve back office values that have  not been made public  but possibly  could be declared next  Monday 28 February 2022.       

All we can do is be a little more patient for Public Rates to be declared .

We now  have to rely  upon  the Fed Reserve Treasury or the IMF.

David Harkness

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