But that earlier rise in commodity prices may have been less supportive for the exchange rate than in the past for a number of reasons. [6] First, at least some of increase in commodity prices over the past year had been expected to be short lived, given that was driven by supply disruptions.
In that connection it is important that a new balance principle provides the same degree of security as the existing system. Joint funding is an important issue to many of you who are present here. Market conditions dictate that issuance of bonds at favourable prices requires large volumes.