1310 is not a REER. 1310 is the current official exchange rate the Central Bank of Iraq uses for formal transactions. It is an administered rate, not a market determined one. A REER (Real Effective Exchange Rate) is different. It’s a managed move that looks at the dinar’s real value against a basket of currencies adjusted for inflation… The Iraqi dinar is not freely commercially traded on major global markets the way currencies like the euro, yen or pound are…1310 is not a Real Effective Exchange Rate… Militia Man
