BIS Review 4/1998  -7-  Looking ahead, the international monetary system will increasingly be divided into three large blocs: those of the dollar, the yen and the European currency. The currencies of smaller countries will tend to be grouped around, and refer to, the three of greatest importance. The strength of each currency will depend on the credibility of the monetary policies adopted.
It took another 8 months before we took delivery of the first consignment of the note on Thursday this week. I should add that the transportation and delivery of our currency stocks are handled under very heavy security arrangements – as it would have been witnessed on Thursday morning.