The CBI media director restated that the deleting the zeros is not within the bank’s authority and requires a legal legislative path. Understand that deleting the zeros is different than a Real Effective Exchange Rate. But it is tied to debts, legal obligations, and fines existing in laws. A REER adjustment is a change in external value. The 2023 [rate] move showed the CBI can adjust the official window without legislation. The two files stay separate. The zeros file needs parliament. The rate file does not.
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