The amendments will mean that new entrants will be subjected to minimum participation of local ownership. 14. Existing banking institutions have also agreed to increase local shareholding. Other encouraging avenues of fostering local ownership include the listing on the local stock market and selling of existing shares to employees.
But leaving aside the question of whether it would be desirable, the main question I want to focus on is: is it feasible? The answer is, it depends on how it is done. If the mechanism for achieving equal interest rates with the United States was that we adopt the US dollar, or establish a fixed exchange rate, then it should be technically achievable.