Forex

You know the Forex isn’t really the Forex any more. It is part of the new AIIB banking system and the name escapes me.

There is a way to move decimal points to see the rates. The Zim is at 379.0 to one USD, not yet USN.

It has to be reversed on the exchange site but there are back room screens that traders and platform people have access to BUT at this point they are restricted for no trading until we exchange.

Rates

VND is .43 to 2.28 by moving decimal points on all of them.

The only one confusing is the zim which is zml on one side is 370.00 plus. Not sure code is ours. The other side is .26

Rupiah/IDR is .73-1.35

Dinar/IQD is .84-1.20

Iranian Rial/IRR 2.83-3.52

Afgani/AFN (notice code has “N” for note) 1.43 to 6.97

Afganistan is very rich in rare gems aka Tanzinite and rare minerals.

There you go. Rates are fluctuating hourly. It’s a lesson of moving decimal points.

UN Operational Rates

I will explain the UN operational sheet.

First, you will not see a change until the USD becomes the USN and ALL currencies change ,also, to notes when they revalue. There are a few countries that have changed like Mexico.

Most countries have redenominated their currencies to accommodate these changes. Example our new USN, the new Canadian currency and of course the Iraqi dinar and even Zimbabwe. No longer will countries use the USD (Fiat dollar) but will use their own currency. The “dollar” will no longer be the number one currency.

The final thing is that there are countries missing like Zimbabwe which has had it’s financial restrictions lifted and has its own currency and value. There are countries that may still use USD/USN but yet to be seen.

Remember “paper” currency will vanish as we go to digital currency and even coinage. There are several states that are minting coins.

Now as far as the Forex screen goes there are actually different levels of the Forex and until it is PUBLIC, you aren’t going to see it yet.

My understanding is there are new rates at the currency dealers and the banks. What the public sees and what will see on the back screens at banks will be different.

I hope this answers your questions.