We also reduced the delegated limits given to foreign exchange dealers on selected overseas transactions. Recently, we announced changes to borrowing guidelines for non-residents individuals and companies. There have been some concerns on higher interest rates particularly from individual borrowers and investors. We understand these concerns. But again we ask that you appreciate the seriousness of our financial situation.
When things are tough, we must safeguard the bigger picture. We cannot be reactionary. If we do not take care of the bigger picture, the smaller picture will suffer even a lot more than what we are facing now. There are lessons from around the world that we should heed.