At the very minimum, one cannot reach this conclusion with a great deal of confidence. The distortions in the markets I have reviewed do not appear all that large, given the stance of monetary policy, and should we experience much higher interest rates and softer asset prices our resilient markets and flexible economy probably could absorb such a shock.
Ladies and Gentlemen, the final designs and other technical characteristics of the new currency were approved by the Reserve Bank Board in November 2010. The approval included, for the first time ever, a $ coin and a polymer or plastic note in the $ denomination.