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2Cents: News is saying it’s OFFICIAL!!!!! Mahdi is PM!!!!!!!

Boxman:  WOW…..a new and stable govt..Security and Stability

Walkingstick:  ftti… Yes, Mahdi and 14 ministers according to articles… Parliament in recess, Nov 6th

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DELTA:  2018/10/25 00:52

Number of readings 17

Section: Iraq

The prime minister and 14 ministers are sworn in before parliament

BAGHDAD /

The prime minister and 14 ministers are sworn in before parliament

The names of the ministers voted by parliament on Wednesday.

Thamer Ghadhban as oil minister.

Fouad Hussein as Minister of Finance.

Minister of Communications Naim al-Rubaie.

Two banks Rikani Minister of Construction.

Mohammed Ali al-Hakim as foreign minister.

Saleh Hussein as Minister of Agriculture.

Ahmed Riad as Minister of Youth

Alaa Abdul Saheb Minister of Health.

Saleh al-Jubouri Minister of Industry.

Louay Khatib as Minister of Electricity.

Abdullah al-Luaibi Minister of Transport.

Mohammed Hashem as Minister of Commerce.

Bassem al-Rubaie is minister of labor.

Jamal Al-Adly Minister of Water Resources.

Sunkissed: What is the ‘Real Effective Exchange Rate – REER’

The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies, adjusted for the effects of inflation. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.

This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index, such as the U.S. dollar, Japanese yen and the euro

BREAKING DOWN ‘Real Effective Exchange Rate – REER’

The real effective exchange rate (REER) is used to measure the value of a specific currency in relation to an average group of major currencies. The REER takes into account any changes in relative prices and shows what can actually be purchased with a currency. This means that the REER is normally trade-weighted.

How the REER Is Measured

The REER is derived by taking a country’s Nominal Effective Exchange Rate (NEER) and adjusting it to include price indices and other trends. The REER, then, is essentially a country’s NEER after removing price inflation or labor cost inflation. The REER represents the value that an individual consumer pays for an imported good at the consumer level. This rate includes any tariffs and transaction costs associated with importing the good.

Benefits of Analyzing and Using the REER

A country’s REER is an important measure when assessing its trade capabilities and current import/export situation.

The REER can be used to measure the equilibrium value of a country’s currency, identify the underlying factors of a country’s trade flow, look at any changes in international price or cost competition and allocate incentives between tradable and nontradable sectors.

Understanding a country’s REER is extremely important when conducting economic analysis and policy making. Therefore, the World Bank, the Eurostat, the Bank of International Settlements (BIS) and others all publish various REER indicators.

These world institutions combine to provide the public with REER analysis on 113 countries around the globe.

Link:     https://www.investopedia.com/terms/r/reer.asp

Walkingstick: Thanks Sunkissed … well done.