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Entry Submitted by David Harkness at 2:49 AM ET on May 10, 2022
The USD is not going to strengthen on the back of the RV of Dong and Indonesian Rupiah because it’s already accounted for in their accounts not public.
It will do so on the Iraq Dinar as it is not accounted for and if the RV is 0.32c as expected then the USD will strengthen and possibly to 1.55 AUD currently 1.43 AUD.
What is interesting is that State Bank of Vietnam back office expects 2.314 to 1 USD that is 0.627 AUD or 0.4329c USD.
I reviewing the accounts of the State Bank Vietnam their reserves are usd 404.105B usd and money in circulation Dong in USD terms 551.956B .
So the true value of the Dong is 0.73c USD but the State Bank Vietnam do not wish to be that high for trade terms.
Vietnam have a positive net trade surplus with America and wish to continue thus the discount.
The Treasury department back office have not disclosed have a price of 2.237 USDF already accounted for in the value of the USD currency .
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So the Dong is extremely under valued to the public eye and the local community of Vietnam.
The RV must happen and disclosure must occur to the world public.
I expect this is close although USA Treasury is not in control of the situation .
The holdup is Iraq and the to the greatest benefit is USD value that they will need very soon.
David Harkness
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