The following email was sent to us by a reader…
I am a software developer who sends training courses all over the world. As a result, I fill out a lot of U.S. Customs forms. Today, I created a shipping label online at USPS.com, and noticed something interesting.
When I printed out the label, I noticed that in the upper right hand corner, it had Insured Amount (US $) and SDR Value. The insured amount was US$10.00 and the equivalent SDR Value was $6.25. I took it into my local Post Office and asked the PostMaster about it. She said it was Special Drawing Rights, but that was all she knew about it. But, she pulled out her book and looked it up. It said the exchange rate was such:
$1.00 US = 0.67 SDR
Now, I also have paper customs forms, but the SDR Value has not been printed on them as of yet. It makes sense that the USPS would update their online system before the paper forms. That is probably the easier of the two to change.
Attached is my scan of the customs form. I have blocked out my address and the address of my customer, but left everything else.
Thought you might be interested.
(click for larger image)
- A d v e r t i s e m e n t
This article was posted: Friday, October 9, 2009 at 4:41 am
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