The national payment system The Bank, in conjunction with the settlement banks, has been concentrating on the development and implementation of a national payment system information database, and a review of the real-time gross settlement (RTGS) network infrastructure and associated applications.
This situation makes the exchange rate particularly vulnerable to changes in investor sentiment and risk tolerance, which can result in a tapering off or even withdrawal of portfolio inflows. This issue is of particular relevance given the way in which international markets have been re-rating emerging market risk recently.