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“What is NEER?” by David Harkness – 1.22.23

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Entry Submitted by David Harkness at 5:53 PM ET on January 22, 2023 NEER is a measure of the value of a currency against a weighted average of several foreign currencies. An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners. Representative Exchange Rates for Selected Currencies www.imf.org/external/np/fin/data/rms_rep.aspx The IMF did not publish rates on the 20 January 2023 for any of the Middle East Currencies marked in yellow. What IMF is pushing for is NEER for Iraq which  would equal.0.14742 c USD  being 60% of the basket of the…

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