Walkingstick says - A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate
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Walkingstick says - A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate
Walkingstick
[via Frank26] A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate.
[via Frank26] A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float...A float is basically a more accurate reflection of a currency's value and that's why the CBI will soon de-peg and float for its Real Effective Exchange Rate.
RamblerNash- GURU HUNTER
- Posts : 24220
Join date : 2015-02-19

» Walkingstick: "they'll have pictures of the new small category notes, all of this information and that they'll be a new exchange rate for this currency ...it's basically down to weeks" 4/21/21
» MilitiaMan says that -- REER...(real effective exchange rate)...IS COMING!!
» Walkingstick and Frank26: "But at that point they will be on par with the American dollar 1 to 1. And that's when you're going to exchange" (What Happened To The Float??? LOL) 7/23/21
» Walkingstick & Frank26: "The new exchange rate is wrapped up in the minutia of the implementing of the White Papers and both the reforms" (So...What Is The Rate In Them? LOL) 8/8/21
» Walkingstick says - in 2022 they're going to raise the exchange rate by getting rid of the American dollar...they're going to float it
» MilitiaMan says that -- REER...(real effective exchange rate)...IS COMING!!
» Walkingstick and Frank26: "But at that point they will be on par with the American dollar 1 to 1. And that's when you're going to exchange" (What Happened To The Float??? LOL) 7/23/21
» Walkingstick & Frank26: "The new exchange rate is wrapped up in the minutia of the implementing of the White Papers and both the reforms" (So...What Is The Rate In Them? LOL) 8/8/21
» Walkingstick says - in 2022 they're going to raise the exchange rate by getting rid of the American dollar...they're going to float it
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