The market is recognised as a powerful means for technological progress but it is not powerful enough to create and diffuse the technology. The diffusion of technology depends on the educational levels and skills available with a country to effectively use the technology. Technology is also unevenly diffused within countries.
This will help ease pressure of inflows of foreign exchange and rapid build-up of reserves, promote sound and sustainable development, and realize stable and orderly growth of money supply. According to international experiences, a flexible exchange rate regime helps mitigate impacts of external shocks and enhance macroeconomic resilience.