That same day, Dr Rankin formally requested that the AFP conduct an investigation in connection with the allegations made in the media. Dr Rankin consulted with the Reserve Bank prior to making this request.
On the exchange rate – We will continue to pursue the policy of a market-determined exchange rate. But while we don’t expect drastic moves, the market should bear in mind that the exchange rate is no longer a one-way bet. The BSP is carefully monitoring market behavior.