How easily could we have made the same mistakes! We could have said that – with high unemployment, and such great economic demands after apartheid – it was just not possible to control inflation.
Rafael Buenaventura: Implementation of BSP rules on the transport of currencies Keynote address by Mr Rafael Buenaventura, Governor of Bangko Sentral ng Pilipinas (Central Bank of the Philippines), at the BSP Strategic Planning Conference, Manila, at the signing of the Memorandum of Agreement for the Effective Implementation of BSP rules on Physical Cross-border Transport of Currencies, Manila, 17 January 2005.