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View Full Version : US Postal Services post webpage displaying US Dollar to Special Drawing Rights


Ares
30th August 2010, 02:01 PM
http://pe.usps.com/text/imm/immc3_007.htm
BabushkaLady
30th August 2010, 03:23 PM
Wow.

So the USPS can be efficient when they want to. ;D
Glass
30th August 2010, 04:20 PM
So an SDR is worth 1.5206 US dollars then. Hmmm I feel a depreciation coming on. About 30% worth of depreciation.
Eyebone
30th August 2010, 06:56 PM
Special Drawing Rights (SDR) and United States Dollars (USD) Currency Exchange Rate Conversion Calculator


http://coinmill.com/SDR_USD.html

CoinMill.com - The Currency Converter

Convert Dollars to SDRs

The exchange rate for the Special Drawing Right was last updated on August 30, 2010 from The International Monetary Fund. The SDR conversion factor has 6 significant digits.
madfranks
30th August 2010, 07:01 PM
This seems to suggest that the SDR is a currency currently accepted somewhere in the world. As far as I know, no country uses SDRs as currency. Also, I've never seen an SDR note or coin, so is this the ultimate fiat currency? Not even paper or token, just digital?
Glass
30th August 2010, 07:07 PM
Yes I think they are "special" and there may be "rights". Whether or not they will let you excercise that right to have any momney will probably depend on what you think and how you behave.
Eyebone
30th August 2010, 07:09 PM
Well aren't we supposed to believe what ever they tell us to believe?

I think last year was the first time I heard SDR and I thought it was a term used by The Bank For International Settlements.
Joe King
30th August 2010, 11:20 PM
Well aren't we supposed to believe what ever they tell us to believe?

I think last year was the first time I heard SDR and I thought it was a term used by The Bank For International Settlements.

The IMF created SDRs in 1969 because even back then they knew they'd eventually need something other than us dollars.
gunDriller
31st August 2010, 02:44 AM
This seems to suggest that the SDR is a currency currently accepted somewhere in the world. As far as I know, no country uses SDRs as currency. Also, I've never seen an SDR note or coin, so is this the ultimate fiat currency? Not even paper or token, just digital?


the best explanation i've heard of SDR's is Jim Rickards' interview with Eric King at KWN. a few months ago.

from his description, they are created out of thin air. of course, they could even claim the SDR's are gold-backed. they could claim they're uranium backed. they could claim anything they want.
Joe King
31st August 2010, 03:13 AM
Wow.

So the USPS can be efficient when they want to. ;D
The reason it's on the USPS website is because SDR's are the unit of account for the Universal Postal Union (http://en.wikipedia.org/wiki/Universal_Postal_Union), of which the USPS is a member.

So I guess it kind of has to be there.