As a result, the country’s balance of payments has shown an overall surplus of K526 million up to June 2010, and the level of gross foreign exchange reserves at the end of June 2010 was $ million, sufficient for 10.9 months of total import cover. Inflation however remains a concern due to increased domestic demand.
To encourage the market to move ahead, the European Commission and the European Central Bank have proposed an interim solution. The objective of the interim solution is to have, right from the start, a level playing-field in place for the both the SDD scheme and the national, legacy direct debit schemes.