It is important for the smaller countries therefore to ensure flexible adjustment processes for exchange rate changes in the environment of a volatile global financial environment. It is almost impossible to maintain a fixed exchange rate for any currency once large amounts of capital start flowing out of or into a country.
Other adventurous applications of a more disruptive nature are simply not robust enough from a legal, operational, governance point of view to name but a few shortcomings which make these assets unfit for recognition from the point of view of our mandate of efficient payments systems.