This contradiction between the need to make the exchange-rate regime more flexible because of the liberalization and the need to fix it in order to stabilize inflation had to be resolved.
It is worth noting here that in every transition process, whenever we encountered basic dilemmas that obliged us to decide which path to take, we always asked ourselves what other countries did in similar circumstances. In general, we aspired to re-invent as few wheels as possible, saving our creativity – such as it was – for other matters.