The ECB has taken the view that the uncertainty and complexities in the structure of the economy should be openly and honestly reflected in its monetary policy strategy and, therefore, in the presentation of policy decisions to the public. This is not only transparent, but will also promote a more genuine understanding of monetary policy over time.
In this background, a paper was prepared by a member of the Board for Payment and Settlement Systems of the Reserve Bank on the use of satellite communication technology to facilitate penetration of payment services to the rural areas which are denied these facilities due to non- availability of reliable communication links.