Several bank sources are expecting to see LIVE rates on Sunday evening when the Forex market opens at 5:00 PM, Eastern. Top level personnel are told to start "checking" their systems starting Sunday afternoon in preparation of strategic conference calls.They are planning on being extremely BUSY next week.
Reportedly, the system was open on Friday evening, but the Treasury was awaiting "exchange orders" to commence but that has not been the case as of yet.
The anticipated rates are as follows:
Dinar range is $3.70 to $3.95
Dong range is .42¢ to .62¢
Rupiah range is $1.32 to $1.42
Rial range is $3.67 to $3.80
Afghani is $2.39
US Banks still expect to exchange Zim at .00000011 to .00000033 even though the committee" contends that only Zim printed 2016 and later will be processed. TIME WILL DEFINITELY TELL!!
