Ah the U.S. Postal Service. This shining example of American efficiency that just announced a $3.2 billion loss in the second quarter and employed six hundred thousand people in order to achieve this feat, has brilliantly decided we need to use SDRs when sending internationally insured parcels. Yep, glad to see our pride and joy is leading the charge to global fiat feudalism. I mean you’ve got to be kidding me…
The accepting clerk must do the following:
- Indicate on PS Form 2976-A the amount for which the parcel is insured. Write the amount in U.S. dollars in ink in the “Insured Amount (U.S.) block.”
- Convert the U.S. dollar amount to the special drawing right (SDR) value and enter it in the SDR value block. For example:
See it for yourself here.
Also if you want to read some of my prior thoughts on the SDR check out this article I wrote late last year. The SDR: The Same Demented Regime.