Graph 1  GDP Growth %  Forecast %  8  8 Year-ended  4  4  0  0 Quarterly  -4  -8  -4  2008  2012  2016  2020  -8 2024  Sources: ABS; RBA  One source of ongoing uncertainty here is the possibility of further virus outbreaks, with the past month or so reminding us of the risks.
The Cheque Truncation System and the T+2 Clearing Cycle were achieved within the agreed time, in 2011 and 2012 respectively. These measures have contributed tremendously to the significant reduction in cheque-related frauds as well as increasing the efficiency of cheque payments. Ladies and Gentlemen, The introduction of Cheque Truncation enabled the whole of Kenya to become a “One Clearing Zone”.