Similarly, following the trend of preceding years, total transactions have declined by about 12 percent during the first three months of the current year on y-o-y basis compared to the figure of last year. Further, the trade is concentrated, primarily, within a few member countries.
All these facts warrant member countries to evaluate the trend; and I urge all the fellow governors to rethink on how we can better serve the enshrined objectives  2  BIS central bankers’ speeches  of establishment of the ACU mainly promoting regional trade and monetary co-operation amongst the members.