“RV Rates and Inversion” by David Harkness – 6.30.22


Entry Submitted by David Harkness at 6:56 AM ET on June 30, 2022

When people talk about the RV expected rates the Gurus forget about inversion rates.

For example the Gurus  mention the expected rate for the Dong $2.30  this should be 2.30 Dong  equals 1 USD  or in fact  you divide 1 into 2.30  equals 0.4484c USD .

Then they  say  for Iraq Dinar $6.00 to $11.00  again inversion is 6 to 11 Dinar to 1 USD or 0.16c to 0.0909c USD .

The truth is Fed Treasury prints a page that includes EME pricing means emerging market economies but no declaration of which  countries to the public.

In actual fact I have an email from Treasury that their pricing  includes  Vietnam and Indonesia  and from looking at their other  pages available in the back office as at 24 May  in EME it has 2.237   for Dong which is 0.44702c  and Indonesian Rupiah 0.693c USD .

By further research the Iraq Dinar is 0.1333c USD .

As for Iraq Dinar   it appears the base price is 10c usd for I Dinar and any increase above 90.00 usd a barrel adds to the price .

So the Dinar will or should float up to at least 0.1270c usd given current oil price .

Also the declared public rate for Kuwait Dinar is usd 0.306c the  Iraq Dinar cross rate is 43% less is 0.1306c usd this proves up the Treasury Rate  at 24 June.

So we must be close to a public release of new currency rates for these currencies only .

We wait with extreme patience and so hope for all concerned in particular the people of these countries  the RV is activated .   

It’s not about value that’s fixed and floating behind the scenes as a booked value but  when is the question is it Iraq Government .

Kind regards
David Harkness


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