“RV Rates and Inversion” by David Harkness – 6.30.22

0
442

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

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

LEAVE A REPLY

Please enter your comment!
Please enter your name here