The choice of the G20 as the leading forum for cooperation was dictated by the need to strengthen the legitimacy of the process, recognising that a global readjustment could not be treated as a bilateral affair between a few major countries – no matter how big – or that it could be left to the interplay of foreign exchange markets.
*  *  *  Good day ladies, gentlemen and fellow central bankers, a warm welcome to South Africa, welcome to the Mother City and the 18th Conference of the Association of African Banknotes and Security Documents Printers (AABSDP).