"RV FOR IQD USING NEER" BY DAVID HARKNESS, 6 JULY

Entry Submitted by David Harkness at 4:14 AM ET on July 6, 2023

I have just visited the IMF rates it’s their first post since 30 June.

It’s dated 5 July and all middle eastern currencies are now on the page (they have been absent since 30 June)  these currencies have already been set long ago.

I have visited the Fed Treasury back office their rate is still 0.1815c usd for  one Iraq Dinar as at 30 June 2023.

https://www.investopedia.com/terms/n/neer.asp 

                  

Using the NEER calculation on Iraq Dinar against Middle Eastern currencies the value today at IMF back office demonstrates for one Iraq Dinar to equal 0.1806c USD.

The VND back office right now is 0.4215c usd and IDR 0.6641c.

I still expect the RV any day up to 12 July USA time.

Given the ECB has had a reset of their banking systems last night 5 July 2023 (changed to a new banking system) action should start today Europe time and flow through until next Tuesday I am told

So one would expect the RV to become public by no later than 12 July.

David Harkness