If these assumptions prove to be correct, the exchange rate of the rand, measured against the basket, should be more stable this year than the experience of last year. Such a balance of payments situation will also reduce pressure on monetary policy and will contribute to easier domestic financial conditions. 3.
We also need to be able to act quickly in respect of transactions that are in the various pipelines at the point where a statutory management is declared. To do this, we potentially need fast access to New Zealand management, technological and payment system resources.