KTFA CHAT, 24 JAN

 KTFA:
MilitiaMan:  ARAB ACCOUNTING DINAR EXCHANGE RATES The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF). 


Now pay attention to the expression mentioned in the SDR. Those that think .69 is the rate may need to think about the expression used to define the value. Keep in mind the USA and UK hold the lions share of IQD outside Iraq. My view is the AMF / SDR is going to be similar to the USD and UK expression... Take a look. imo ~ MM…..


https://www.imf.org/external/np/fin/data/rms_sdrv.aspx?Month=01&Day=05&Year=2021&submit=Submit&cid=em-COM-123-42482
MilitiaMan:  On the surface the math looks to be on the low side, but, if we consider the way they express the value per unit and what the regional neighbors use we can see the expression is more likely to be along the lines of the AMF, USD and BP.. imo…..  


Think about what we talked about yesterday. They told us the value in May of 2020 was 682 Dinars to the Dollar. Look at the expression of the USD to the SDR. Drop 3 zeros off 682 you get .682. Similar to the expression of the USD .69 which is $1.44. Drop three zeros off 1460 you get 1.46... See the similarity? 


The IMF forced Iraq to go from 1190 to 1460 for a reason. To be in sync imo.. 





 This looks very supported by that expression..…… Now we watch the 2021 Budget, the HCL and Taxation come payday..imo Electronic transactions are being done they told us too yesterday.. Frank suggests the budget will be in billions. That will need NSCNs imo….MM



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 Friday, January 22, 2021 Currency Unit Currency amount under Rule O-1 Exchange rate 1 U.S. dollar equivalent Percent change in exchange rate against U.S. dollar from previous calculation Chinese yuan 1.0174 6.49120 0.156735 -0.443 Euro 0.38671 1.21785 0.470955 0.288 Japanese yen 11.900 103.68500 0.114771 -0.265 U.K. pound 0.085946 1.36685 0.117475 -0.361 U.S. dollar 0.58252 1.00000 0.582520 1.442456 U.S.$1.00 = SDR 0.693262 2 0.005 3 SDR1 = US$ 1.442460 4 Footnotes 1 The exchange rates for the Japanese yen and the Chinese renminbi are expressed in terms of currency units per U.S. dollar; other rates are expressed as U.S. dollars per currency unit. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit. 2 IMF Rule O-2(a) defines the value of the U.S. dollar in terms of the SDR as the reciprocal of the sum of the equivalents in U.S. dollars of the amounts of the currencies in the SDR basket. Under current IMF procedures, each U.S. dollar equivalent is calculated on the basis of the mid-market rates, as provided to the IMF by the Bank of England, based on spot exchange rates observed at around noon London time (see Bank of England website); the value of the U.S. dollar in terms of the SDR is rounded to six significant digits. The Federal Reserve Bank of New York and the European Central Bank serve as backup providers for these exchange rates. For further details see Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the Purposes of Rule O-2(a). 3 Percent change from previous calculation. 4 The reciprocal of the value of the U.S dollar in terms of the SDR, rounded to six significant digits…..


MilitiaMan:  Key point.. "U.S.$1.00 = SDR 0.693262 2 0.005 3 SDR1 = US$ 1.442460 "….MM


Puts it in perspective… Think about what we talked about yesterday. They told us the value in May of 2020 was 682 Dinars to the Dollar. Look at the expression of the USD to the SDR. Drop 3 zeros off 682 you get .682. Similar to the expression of the USD .69 which is $1.44. Drop three zeros off 1460 you get 1.46... See the similarity? The IMF forced Iraq to go from 1190 to 1460 for a reason. To be in sync imo..This looks very supported by that expression.. imo ~ MM……