Despite this wish-list, the fact remains that our financial system is, by design, secure and does not pose any threat to the economy as a whole. Now let’s turn to the features of this economy that have, helped the country become and remain resilient in the face of adversity. I believe that our social system in Pakistan influences why the economy remains resilient.
BIS central bankers’ speeches  1  The current business model of mobile banking in East Africa implies a substitution of cash for bank deposits, and hence a larger money multiplier, because all virtual money sold to customers has to be backed up by deposits in the partner bank of the mobile money provider.