This initial work resulted in the development of the South African National Payment System Framework and Strategy document (the so-called Blue Book) which was published by the Bank in 1995. The Blue Book contained the vision and strategy for the NPS up to 2004.
Overall, the ECB looks back over the first years of the single monetary policy with satisfaction. Developments since the start of Monetary Union have confirmed that the ECB has chosen a solid and efficient framework for monetary policy.