Luigi1 Posted July 30, 2022 Report Share Posted July 30, 2022 Luigi found this article of Dinarian interests... IMF sets the value of five SDR currencies. Treat as a rumor. Not verified. KTFA via Samson: Article: Press Release: IMF determines new currency amounts for SDR valuation baskets. The IMF Executive Board approved today new amounts for the five currencies that will determine the value of SDR (Special Drawing Rights) from August 1 onward for a five year period. 5 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted July 30, 2022 Author Report Share Posted July 30, 2022 here's another article related to the above...The Vietnam Dong believed to be in one of the five SDR revaluation currencies is now accepted as legal tender in Russia... KTFA: Article: Russian bank allows Dong denominated transfers. VTB Bank, a Russia state owned bank in charge of foreign trade operations, has allowed monies to be transferred to & from Vietnam in Dong from July 27th, on. 1 1 Quote Link to comment Share on other sites More sharing options...
HowieC Posted July 30, 2022 Report Share Posted July 30, 2022 Press Release – IMF Determines New Currency Amounts for the SDR Valuation Basket July 29, 2022 The IMF Executive Board approved today new amounts for the five currencies that will determine the value of the Special Drawing Right (SDR) from August 1 onward for a five-year period. This completes the final step in implementing the results of the latest review of the method of valuation of the SDR. Washington, DC: Today, the International Monetary Fund (IMF) announced the new amounts for the five currencies that will determine the value of the SDR during the new valuation period that runs from August 1, 2022 until July 31, 2027. The Executive Board has decided that, effective August 1, 2022, the value of the SDR will be the sum of the values of the following amounts of each currency: [1] U.S. dollar 0.57813 Euro 0.37379 Chinese yuan 1.0993 Japanese yen 13.452 Pound sterling 0.080870 Today’s Board’s decision on the amount of each currency in the SDR valuation basket is the final step implementing the results of the latest review of the method of valuation of the SDR, concluded on May 11, 2022. At that review, the IMF determined that the composition of the SDR basket and the weights assigned to each currency in the basket will be 43.38 percent for the U.S. dollar, 29.31 percent for the euro, 12.28 percent for the Chinese renminbi, 7.59 percent for the Japanese yen, and 7.44 percent for the pound sterling ( See Press Release No. 22/153). The SDR interest rate that will be determined on August 5 and applied for the week of August 8, 2022 will be the first one that reflects the new SDR valuation basket. It will be based on the exchange rates and interest rates that will prevail at the time of its determination, and the above currency amounts. The change in the SDR interest rate relative to the previous week will reflect the changes in the shares of currencies in the SDR valuation basket, as well as the changes in the interest rates on each financial instrument in the interest rate basket. [1] The currency amounts approved by the Executive Board have been calculated such that the value of the SDR in U.S. dollar terms is the same under the new basket as the value of the SDR prevailing today, and that, at the average exchange rates for the three-month period ending today (May 2 through July 29, 2022), the share of each currency in the value of the SDR corresponds to the weight approved by the IMF Executive Board on May 11, 2022. IMF Communications Department MEDIA RELATIONS PRESS OFFICER: WAFA AMR 5 2 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted July 30, 2022 Author Report Share Posted July 30, 2022 1 minute ago, HowieC said: Press Release – IMF Determines New Currency Amounts for the SDR Valuation Basket. Thanks Howie. 3 1 Quote Link to comment Share on other sites More sharing options...
RV-2-Day Posted July 31, 2022 Report Share Posted July 31, 2022 Looks to me like it is a year old news 1 2 1 Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted July 31, 2022 Author Report Share Posted July 31, 2022 10 hours ago, RV-2-Day said: Looks to me like it is a year old news Yup. The paymasters have been paid every single week since 2004. The Whales & tiers 3 & 4 have been going to the bank everyday. They are still dancing in the streets of Baghdad. Dinarians are still camped out at WF parking lots. IQD is trading at over $24 but is not on FOREX. 6 1 1 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted July 31, 2022 Report Share Posted July 31, 2022 6 minutes ago, Luigi1 said: Yup. The paymasters have been paid every single week since 2004. The Whales & tiers 3 & 4 have been going to the bank everyday. They are still dancing in the streets of Baghdad. Dinarians are still camped out at WF parking lots. IQD is trading at over $24 but is not on FOREX. Bwahahahahaha................ er, ah, um....... LINK ?? LOL, thanks for the chuckle Luigi1 pp 5 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 1, 2022 Report Share Posted August 1, 2022 rial and ruble also now trading pair 1 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted August 1, 2022 Report Share Posted August 1, 2022 37 minutes ago, screwball said: rial and ruble also now trading pair Curious @screwball just what is our riel worth now ? Can't make heads or tails on exactly how it changed. Thxs, pp Quote Link to comment Share on other sites More sharing options...
Luigi1 Posted August 1, 2022 Author Report Share Posted August 1, 2022 13 hours ago, pokerplayer said: Curious @screwball just what is our riel worth now ? Can't make heads or tails on exactly how it changed. Thxs, pp It's still not listed on FOREX. It was reportedly a LOP. Last I heard. 2 1 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted August 1, 2022 Report Share Posted August 1, 2022 2 hours ago, Luigi1 said: It's still not listed on FOREX. It was reportedly a LOP. Last I heard. Thanks Luigi1. That's kind of what I was getting out of it but was not sure. pp 1 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 2, 2022 Report Share Posted August 2, 2022 On 8/1/2022 at 11:23 AM, pokerplayer said: Curious @screwball just what is our riel worth now ? Can't make heads or tails on exactly how it changed. Thxs, pp nope no change 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted August 2, 2022 Report Share Posted August 2, 2022 On 7/31/2022 at 8:43 AM, Luigi1 said: here's another article related to the above...The Vietnam Dong believed to be in one of the five SDR revaluation currencies is now accepted as legal tender in Russia... KTFA: Article: Russian bank allows Dong denominated transfers. VTB Bank, a Russia state owned bank in charge of foreign trade operations, has allowed monies to be transferred to & from Vietnam in Dong from July 27th, on. also rial/ruble 1 1 Quote Link to comment Share on other sites More sharing options...
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