[…] The central bank produces an intangible but essential good – trust – of which capitalism (based as it is on a pyramid of paper if not mere electronic signals) has an immense need. We must not forget that trust, or its synonym “confidence”, derives from the Latin fides, meaning faith, which cannot be produced simply by contract.
However, I want to stress that we are not indifferent to further exchange rate depreciation and that for the immediate future, curbing such depreciation will be a priority of the Bank of Uganda’s macroeconomic management. BIS central bankers’ speeches  1