Even the supporters of unconventional monetary policies would acknowledge that they involve some risk, but that, at least until now, the benefits have far outweighed any current or prospective costs. Extricating ourselves from UMP and effecting a smooth exit, the critics argue, is going to be extremely difficult if not impossible.
Secondly, I would like to share our experience in reforming the Namibian payment system. Then I will outline issues related to the Bank of Namibia’s accommodation policy that had to be reformed to allow for the smooth and efficient functioning of our RTGS system. BIS Review 53/2004  1  1.