This holds true for the ECB as well. The ECB Governing Council is maintaining an ample degree of monetary accommodation through our forward guidance on the key ECB interest rates, reinvestments of a sizable stock of acquired assets, and the new series of targeted long-term refinancing operations.
The dinar balance sheet may also be a prospective way of expanding the retail banking business in the future, as the FX financing may be more constrained in terms of quality and price than in the past. BIS Review 126/2010  1  One should not be naive – the size of the problem is large.