For an economy, which have suffered a severe institutional crisis and is still in transition towards its long-term cruising speed, a managed-floating regime emerges as a useful tool to mitigate these effects while advancing in the development of an adequate financial infrastructure to create conditions for resources to be efficiently channeled towards the funding of worthy investment projects and, in turn, strengthen traditional monetary policy instruments.
While there were some turbulences in the recent past with no significant effects, this adjustment process towards equilibrium has not yet been tested. This requires us to implement sound and consistent policies to comprehensively protect our economies against external misalignments.