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Experts from several countries that were implementing FAs called for comprehensive studies to ascertain their real value, especially to the host country.

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This Conference has, indeed, proven its value.

a A higher real exchange rate signifies a real depreciation of the local currency.

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In Algeria, real depreciations appear to have been accompanied by constant real wages and falling labour productivity.

The change can be measured by real exchange rate appreciation, which consists partly in nominal renminbi appreciation against the dollar, and partly in Chinese inflation. China s government should have let more of the real appreciation take the form of nominal appreciation (dollars per renminbi).

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The reality, now here is something important.

(a) Preserve the principal of the Fund in real terms

Real GDP per capita

Source Statistical Yearbooks of the Central Statistical Office (GUS). Table 5.

There is a basic view that real value involves making things, involves labor. It involves engineering.

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It was only in combination with the interest rate assumption, that is, the real rate of return, that there was an impact on the actuarial values calculated

This represents a yearly real rate of return of 4.1 per cent for the same period, after adjustment based on the United States consumer price index, and compares favourably with the 3.5 per cent long term real rate of return assumed in the actuarial calculation.

If this approach were taken, as was done in respect of other assumptions used in the valuations, the valuation reports could include an analysis of the actual experience of the administrative audit costs during the previous two years as compared to the assumption made in the latest valuation

In Morocco, real wages have been stable despite significant and continuing real appreciations since 1986.

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The actual budget increase cannot be determined simply by noting a change in the dollar denominated amount.

Which is that, actually, first one, all value is actually relative.

Because actually, never mind the actual intrinsic value of having gold jewelry. This actually had symbolic value, badge value.

The Board could therefore still not ascertain that the financial statements fully reflected the real value of assets.

Table 1 Real GDP and consumer prices

The more subdued prices movements during the recent past also reflected the strength of the United States dollar, which rose in effective terms by 6.5 per cent in 1996 and 7.8 per cent in 1997 after years of relative stability during the first half of the 1990s.2

The Fund apos s Consulting Actuary and the Committee of Actuaries took the view that the real rate of return assumption used in the actuarial valuations of the Fund would not be the appropriate interest rate, as it reflected an assumed average long term real interest rate.

A AC.241 63 Designation of a Permanent Secretariat and arrangements for its functioning physical location

During the first eight months of 2005, the Sudanese dinar appreciated by 17.5 per cent in real effective terms.

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The evaluations must be practical in nature to provide value added.

b These assumptions are consistent with those used in the regular valuation as at 31 December 1998.

It doesn't look like much in fact, it isn't like much.

The maximum value roughly agrees with its maximum physical cross section.

This comprehensive vision of the Secretary General on issues of international security, development and human rights deserves commendation and thorough and deep analysis in order to reach a broad international consensus.