Monday, October 14, 2024

RV UPDATE BY PIMPY, 15 OCT

  Pimpy

  The difference between the exchange rate and the effective exchange rate is this:  An exchange rate is a price at which one currency can be exchange for another.  It reflects the current market value of a currency in relation to another currency.  

The Real Effective Exchange Rate on the other hand is a more comprehensive measure that evaluates a country's currency relative to a basket of other major currencies adjusted for inflation...

The REER provides insights into a country's international competitiveness by considering how much goods and services cost in different countries...They have a Real Effective Exchange Rate already.  It's being used...

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TIDBIT FROM FRANK26, 13 NOV

  Frank26  The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it.     It's is my hope.  It ...