Board Paper - Implementing Urgent Measures to Restore External Sector Stability

Abstract

This Board Paper (MB/ER&IO/8/1/2022 dated 7 March 2022), submitted by the Monetary Policy Committee through the Review of the Monetary Policy Stance No. 2 of 2022, seeks Monetary Board approval to allow the exchange rate to be determined by market forces with immediate effect, following the discussion with the Governor on 07 March 2022. It also includes the Monetary Board Minute Paper.