The increasing pace of globalisation and the constant spectre of poverty at the international level present formidable challenges and in some instances reduced options for most members of the international community, that is, the developing countries. The dominant countries of the international system have now posed or exposed the threat of terrorism as a counterpoint to the eradication of poverty.
In addition, information sharing among central bankers regarding experiences in managing our respective currencies could help each of us to improve efficiency and effectiveness in our daily job. Finally, may I now take a great pleasure in declaring the Seminar open and wishing this event a great success. Have a pleasant stay in Bali. Wassalamu’alaikum wr. Wb. Thank you. 2  BIS Review 110/2009