These measures were intended to improve the depth of as well as the efficiency and transparency of operations in the money market. Fourth, as part of the development of new instruments, a major initiative pertains to Collateralised Borrowing and Lending Obligation (CBLO), which was operationalised as a money market instrument.
I will quote the great Serbian writer Miloš Crnjanski who said: “We should look to the future. We should go to the future.