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BREAKING: IMF Sets The Value Of Five SDR Currencies.


Luigi1
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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.

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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.

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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

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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.

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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

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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

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