The measures should facilitate expansion of the dinar credit activity of banks through promoting dinar denominated instruments and markets. Development of an actively traded dinar yield curve is an important milestone of this pillar. In this sense, much activity is already taking place. Several commercial banks have started programs offering longer-term dinar credits under both flexible and fixed terms.
The government has been raising the local currency share in government debt, trying to extend the yield up to 2Y. Several initiatives under the Vienna plus are taking place focusing on the secondary market for government bonds. Also some IFIs expressed an interest in issuing dinar bonds locally. However, more still needs to be done before we can see tangible results.