Passages in the Bible indicate that silver  BIS Review 100/2001  1  1  was used as a means of payment in the time of Genesis. The first coins--lumps of “electrum,” a natural mixture of gold and silver--were introduced in Asia Minor in the seventh century B.C. in Lydia, now part of Turkey.
So, given the agreement, we have reversed some of that mark down of investment. To be prudent, we did not remove all of it, because we want to see how firms actually adjust their investment plans. This prudence is also because we know that competiveness challenges are also weighing on 1/2  BIS central bankers' speeches  investment.