Frank26

Question:  “What will the REER be?”  That’s the Real Effective Exchange Rate of the Iraqi dinar and it’s no 1300 to 1.  That’s ridiculous.  So what is the REER?  When we went there in 2003 every dinar was $3.22.  When you add inflation factors to it 2 decades later 1 to 1 is an insult.  At least catch up to the Middle East – $3.40…somewhere in that ballpark…