For monetary policy to be able to concentrate on price stability, it is therefore indispensable that macroprudential policy is equipped with an individual set of instruments. This notwithstanding, monetary and macroprudential policy cannot be seen completely separately from each other due to potential spillovers. Therefore, some coordination between both policy fields is warranted, although without blurring the individual objectives. 3.
These include, the Foreign Exchange Bill, which will give a de jure effect and recognition to the liberal external trade and payments regime operating in the country and remove the documentation and bureaucratic requirements associated with the Exchange Control Act 1961 (Act 71).