In recognition of this expansion of economic engagement with the rest of Asia, as Governor Y.V. Reddy had announced at the First IMF-MAS Seminar held here last year, we have already implemented computation of the new six country real effective exchange rate (REER) index.
That is something I would highly regret; however, it is my hope that Britain’s known penchant for pragmatism will prevail this evening. Thanks you very much for coming, and I would now be pleased to join you in a discussion. 6  BIS central bankers’ speeches