The Central Bank would like to take upon itself the task of dislodging the “waiting option” from this sector of the market. The Central Bank of Kenya is currently drawing up proposals for review of the microfinance legal and regulatory framework. I should stress that the Bank will continue to consult with market players as this process moves forward.
Hence the question is not WHETHER the euro will be introduced in Latvia, the question is WHEN it will happen. For this process to be as successful as possible, it should be guided by three basic principles. It should: •  be easy to understand and transparent - i.e.