Therefore, to the extent that sustainability of the current exchange framework continues to be supported by an adequate level of foreign exchange reserves, the inherent flexibility imbedded in a crawling band exchange rate regime, facilitates adjustments of the rate of crawl of the Pula exchange necessary  to  generate  competitiveness  of  the  improvements domestic  in  industry,  international as  may  be  warranted.
Honourable Minister and Esteemed Guests, as indicated earlier, the  Bank  continuously  evaluates  monetary  policy  implementation framework for effectiveness, as may be necessary. In this respect, during this year, the Bank will introduce further improvements and changes to monetary policy operations with three main objectives.