Third, in May 2011 we also modified our monetary operating procedure with a move to a single policy repo rate to unambiguously signal the stance of monetary policy. Fourth, we are also addressing the challenge of near double-digit inflation for almost two years now. These developments obviously are of some interest in Bhutan given the close interlinkages of our currencies.
Ernesto Gouveia Gove: Reinforcement of “South–South” cooperation Statement by Mr Ernesto Gouveia Gove, Governor of the Central Bank of Mozambique, at the business function organised by the High Commissioner of the Republic of South Africa on the occasion of Nelson Mandela’s Day, Maputo, 21 July 2010.