Many of these technologies do not provide for clear, predictable, and final settlement, which is a core tenet of payment systems. 20 That said, some jurisdictions may move in this direction faster than others, based on the particular attributes of their payments and currency systems.
These should be able to restrict demand for forex. Currently, cedi assets continue to be more attractive in terms of yields than forex assets and we intend to maintain that going forward. Meanwhile, the Bank will continue to apply the foreign exchange Act and regulations vigorously. Any institution (including Banks) that fall foul of the laws will be sanctioned appropriately.