“Why is the US Treasury keen for the RV of the Iraq Dinar?” by David Harkness – 5.10.22

Entry Submitted by David Harkness at 2:49 AM ET on May 10, 2022 The USD is not going to strengthen on the back of the RV of Dong and Indonesian Rupiah because it’s already accounted for in their accounts not public. It will do so on the Iraq Dinar as it is not accounted for and if the RV is 0.32c as expected then the USD  will strengthen and possibly to 1.55 AUD currently 1.43 AUD. What is interesting is that State  Bank of Vietnam back office expects 2.314 to 1 USD that is 0.627 AUD or 0.4329c USD. I…