.KTFA:

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.

Key Takeaways

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.

.KTFA:

Samson: Al-Rafidain: Many employees received their salaries for the month of April from the bank’s branches

28th April, 2020

Al-Rafidain Bank announced that many state departments employees received their salaries from the bank's branches located in Baghdad and the provinces.

The bank’s media office said in a statement that Mawazine News received a copy of it. He pointed out, "The distribution of the salaries of state employees will be according to specific timelines for each department."

The statement indicated that "the employee or retired person has the freedom to choose to receive his salary from anywhere he is with an electronic card."

.KTFA:

Don961: Reducing the dinar price and its impact on the Iraqi economy

Wednesday 22 April 2020 Engineer Mohamed Sahib Al Daraji

In light of the current economic conditions accompanied by government failure in managing the file of monetary and financial policies in Iraq, the issue of devaluation has emerged, which is the devaluation of the Iraqi dinar vis-à-vis the US dollar and other currencies in a deliberate and deliberate manner, noting that this differs from the change in the exchange rate that is subject to For the supply and demand process in the currency markets.

.KTFA:

Samson: TRADE BANK OF IRAQ - the importance of e-payments and modern banking systems for the benefit of the Iraqi citizen

20th April, 2020

Hosting Iraqi channel for Mr. Fouad agent - Vice President of the Iraqi trade bank

Talks about the importance of e-payments and modern banking systems for the benefit of the Iraqi citizen.

VIDEO LINK

.KTFA:

7-FA: U.S. Embassy Baghdad

2 hrs ·

U.S. State Department - Washington
Office of the speaker
April 13, 2020
Press Release From Secretary of state mike boom

Political situation in Iraq

The United States is looking forward to the formation of a new Iraqi government capable of facing the corona, overcoming the current economic crisis of the country and holding arms in the hands of the state. The main mission of the new government must be to place the Iraqi interests first and meet the needs of the Iraqi people and welcome the unanimity of Shia and Sunni political leaders and to respond to the formation of the government.

The Iraqi people call for real reform and credible leaders. These demands deserve to be met without violence or oppression. We stand with the Iraqi people to achieve this effort and look towards a sovereign, prosperous Iraq free of corruption and terror.