We realized that removing exchange controls would make it difficult, if not impossible, to maintain a fixed exchange rate. This meant moving from a fixed exchange rate regime through a horizontal exchange rate band, to an upward sloping diagonal band, to an ever-widening band and, finally, to a floating exchange rate regime.
Finally, our Securities and Exchange Commission has mandated disclosure from all companies with public shareholders. It is important for us to understand that the information sharing being called for does not require guarantees of complete preparedness. Rather, honest disclosure of plans and progress toward completion of those plans is what is called for. What Should You Do?