4  Constraining these outlays by any mechanism other than prices will involve some form of rationing - an approach that in the past has not been popular in the United States. tranquility in about a decade’s time. It would be wise to address this significant pending adjustment sooner rather than later.
I take this opportunity to update you on the recent developments in the Payment Systems Area. One of the primary objectives of every Central Bank is to put in a place a modern, robust, secure and integrated Payment and Settlement System to enable the common man to make payments to anyone he likes in the most efficient and cost effective manner.