On top of the 1.75 percent cut in the policy rate and the 2.0 percent reserve requirement, we have been buying government securities in the secondary market. We extended a P300-billion loan to the government under a repurchase agreement. And we advanced remittance of P20 billion worth of dividends to national treasury.
And looking to the future, I firmly believe that the role played by emerging economies will become greater still. Your country is a prime example: South Africa plays a leading role in Sub-Saharan Africa and is also a respected member of the G20, reflecting its role in the world economy. A globalised economy offers huge potential to all its members.