Sunday, June 1, 2025

TIDBIT FROM WALKINGSTICK

 Walkingstick  

 If the American dollar is $1 and it if it's paired to the Iraqi dinar that means the Iraq dinar is $1.  That is called a nominal value.

  That is what every country seeks.  

In this case it's also seeking a REER - real effective exchange rate.  That's because it's reaching a nominal value. 

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