The CBI made it clear that they are getting the banking industry ready for further integration into the world financial system.One of the stronger signs we’ve observed is this one.After years of quiet preparation, the technological basis for a reliable Real Effective Exchange Rate (REER) is currently being strengthened. The banking industry is entering the execution stage. I find this to be really inspiring. It demonstrates that the CBI is not holding out. They are diligently constructing the infrastructure required for the subsequent phase. I’m eager.
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