On the other, the consequences for the unhedged private and public sector balance sheets were potentially risky, especially in case of individuals who (although in minority) were quite vocal. Policy mix on occasions had to act as a compromise in steering the economy through the turbulent waters.
Now, with these memories still fresh and vivid, it is a good time to think how we could reduce the level of euroization and thus improve our capacity to deal with such situations in the future. Indeed, the post-crisis environment provides a genuine window of opportunity to speed up our efforts towards a greater use of dinar and building dinar based financial markets.