Today's launch of the 100 for 100 Policy for Production and Productivity (PPP) initiative and cheque presentation to selected companies, is a culmination of our engagements with critical stakeholders in the manufacturing sector and financial institutions, as we have here today pioneer beneficiaries of the initiative and the participating financial institutions.
While an adjustment of the currency to changing economic fundamentals represents one of the benefits of a flexible exchange rate, excessive currency volatility and vulnerability of  BIS central bankers’ speeches  1  investor sentiment, increasingly risk complicating the tasks of both monetary and fiscal policy. The most recent exchange rate movements, including today’s, are somewhat exaggerated.