Investor Presentaiton slide image

Investor Presentaiton

IMPLICATIONS OF THE INTRODUCTION OF LOCAL CURRENCY ■ Halting of Costly Re-dollarization -economic agents were reverting to use of US dollar as unit of account and medium of exchange; ■ Improved Monetary Policy Effectiveness - use of monetary policy instruments to control inflation and maintain price stability going forward; ■ Enhances ability to manage business cycles; Increased fiscal space – enhances tax base for Government through increased revenues from local currency based transactions; Management of current account deficit - allows use of exchange rate policy to enhance export competitiveness to reduce the current account deficit; Build up of reserves - country can build reserves as use of FX is restricted to foreign transactions only;
View entire presentation