Entry Submitted by David Harkness at 2:54 AM ET on July 11, 2023
Are we NEER it seems so.
The Fed Treasury back office contains the following rates as at 7 July that is not available to the public and used by them to value their USD against trading partners in USD.
These are not public rates but under the expected RV would be with in this price range given the prices Change hourly.
VND 0.4228c USD
IDR 0.6643c USD
IQD 0.1824c USD
Now going to back office rates out of London at 4 55pm London time 10 July rates are not available to public.
VND 0.4291c USD
IDR 0 6585c USD
IQD 0.1809c USD .
No postings out of London since 4.55pm 10 July which is most strange as they usually update every hour.
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IDR is calculated on the NEER rate on public rates for the Middle East countries that are listed and available to public except for Iraq Dinar a blind not a public rate.
This would support my theory that the Fed Treasury are basing their value of the Iraq Dinar on NEER.
The official RV rates for these currencies are due to be announced on the UN site on 12 July as official rates set as a base rate on this day effective 14 July to allow Redemptions to start and other Global countries reset their rates over the weekend.
David Harkness
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