Real Effective Exchange Rate – REER Definition
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. 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.
The real effective exchange rate (REER) compares a nation’s currency value against the weighted average of a basket of other major currencies.
Countries with the largest trading relationships would typically have the largest weightings in this comparative index, while countries with small trading relationships would have smaller weightings in the basket of currencies.
REER is used to evaluate how a currency is fluctuating against many others at once, and is also used in international trade assessments.
Frank26: 4-29-20 …..REER: VIDEO LINK
This video is in Frank’s opinion.
Dan: VietNam deserves this to have their currency increase in value.
VietNam has been growing & doing well for a long time.
The pretext for war with VietNam was a false flag operation in the Bay of Tonkin.
Would be a humiliating slap to Iraq if VND went first
Don961: An economist devises a set of solutions to the financial crisis
Wednesday 29th April 2020 – 12:16
Baghdad – conscious – Muhammad Talibi
Economist Alaa Al-Fahd presented a set of solutions to get out of the financial crisis
Al-Fahd said to the Iraqi News Agency (conscious), “The large financial deficit as a result of the Corona epidemic, which is causing the decline in oil prices, needs to activate alternative revenues, especially as they constitute 7% of the volume of revenue.”
He stressed the necessity of relying on the leading sectors, among them the agricultural sector, to achieve food security, and after its development it would be a source for the industrial sector by using it as a raw material in industries, in addition to operating the labor force and thus achieving high revenues at this stage.
He added, “The border ports and activating the customs revenues can be an alternative solution to the crisis,” noting that “the revenues of the ports were wasted as a result of administrative corruption and poor measures taken.”
He continued, “Engaging the private sector with other sectors can reduce spending and waste in the public budget, in addition to reconsidering the numbers of employees working in the government sector and their salaries and allocations.”
Al-Fahd ruled out “the possibility of resorting to printing currency”, stating that “it is up to monetary policy, which cannot be directed by issuing a cash in excess of the need, as the existing monetary mass is estimated at about 60 trillion dinars, offset by a cash balance of the dollar that is a reserve in the central bank to maintain On the value of the Iraqi dinar. “
He stated that “any monetary issuance without a financial cover will cause a financial problem that will reduce the monetary value of the dinar and lead to higher prices for goods and materials in the local markets.” LINK
Don961: Deputy: All officials must be covered by the “Where did you get this law from?” Nassif reveals to “Al-Zawra” that one of the officials owns a full street in a European country
April 30, 2020 12:05 AM
Baghdad / Laith Jawad:
Deputy Alia Nassif demanded the necessity of activating the law, “Where do you get this?” To follow up the influx of the wealth of some officials and political parties, defining the way in which they can escape punishment, and while it revealed that one of the officials has now owned an entire street in Belarus, Rep. Rebwar Taha stressed the importance of this principle encompassing all officials and not only the young ones.
Nassif said in an interview with Al-Zawraa: The activation of a principle from where you will enable the judiciary to hold officials accountable in case their wealth is enlarged in addition to concluding bilateral international agreements with some countries to follow the balances of Iraqi officials in them, indicating that most of the officials who steal public money register their money In banks outside the country, investing them in those countries, or registering their names with their relatives, such as their daughters ’wives or siblings of their marriage, which protects them from legal prosecution, since the law holds accountable first-to-fourth relatives and these are outside the legal frameworks.
Nassif added: Most of the funds and investments of Iraqi officials are in Amman, Abu Dhabi and Belarus, as one of the officials has owned an entire street in Belarus, explaining that political parties are also accused of stealing public money and have financial assets at home and abroad due to the lack of a legal text that follows and is held accountable. Others in the event of an abnormal wealth of their wealth.
Nassif stressed: If we want to activate this principle, it is assumed that there will be a legal law by Parliament and proposed by the government and not just calls or campaigns launched from here and there.
As for Representative Repoir Taha, he said in an interview with “Al-Zawra”: The principle of “Where did you get this?” Is supposed to include all officials from 2003 until now without any exception, and that the corrupt be brought to justice and receive his fair penalty for stealing public money, noting that Many senior officials in past and present governments are involved in corruption in, so this principle should not be focused on only junior employees.
Taha stressed that many officials and the great whales that stole the country are still present in the government or the political process. LINK