To understand the Namibian situation, I have also given you a brief impression of our payment system reform process and the strategic and policy considerations that went into the design and operation of the systems. Yet the reform process is not over yet.
There are always areas where one can modify or fine-tune certain procedures, operations and policies to improve the effectiveness of the system and to reduce or contain risks. I trust that the audience has obtained a better understanding of the role of payment system in monetary policy implementation and the way Namibia has addressed certain vital policy issues.