I have also mentioned the important, even dramatic, development that affected the financial system as a whole, and in particular the banking system-and that is the reform proposed by the Bachar Committee.
I am pleased to see that the banks, or most of them, are already preparing themselves for this, and sales of provident funds and mutual funds are already taking place, and with some measure of success, so it seems to us. When I see this I am happy that the pessimistic scenarios predicted by some are not being realized.