However, this has had some major advantages: First, credit losses have been calculated repeatedly and the possibility of having unanticipated losses is now smaller than ever. Second, accountability of bank executives is now linked to specific quantitative and qualitative drivers and a comprehensive monitoring framework is being implemented.
The issue of counterfeiting should be a matter of concern not only for us as the currency issuing agent, but also for the commercial banks, other financial institutions, as well as other partners, such as the law enforcement and regulatory authorities, and the public at large.