Monetary policy moves in the right direction  Over the past few weeks, we’ve started to see: 

- Unification of the multiple official exchange rates into a single rate

- Reduction of the gap between the official and parallel (black market) rates  

This tool on our website displays both the official and the black market rates. It updates automatically every hour.

In my view, sound monetary policy reduces incentives to operate in unproductive areas, such as currency exchange, and minimizes market distortions.

What’s needed now is easing liquidity restrictions and maintaining a more stable exchange rate that enables economic actors to plan.