Sometimes I ask myself rhetorically, if a similar question had been asked in 1991 “Are we ready for flexible exchange rate?” what the considered answer would have been? These questions are difficult to answer. In 1991 our hands were forced by many developments. A currency crisis, global acceptance of the free market philosophy and so on.
Improvement in these areas together with improvement in financial inclusion and literacy will go a long way in empowering the people in the informal economy and the whole economy to realize their potentials in contributing to the development of the country as aspired in the National Constitution, and now the Vision 2050.