ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Exchange Reserves-Time to Abandon Sterling

for expansion would be adhered to by the private sector, are issues which will be decided by the quality of economic management from day to day. In practical terms, the latter implies the government's capacity to exercise adequate, control over fiscal and monetary policies. These latter should in any case be considered together. Talk of careful fiscal management means little when no similar surveillance is in evidence over the operation of the monetary mechanism, or where the two instrumentalities are allowed to function as organically separate limbs, it is necessary to stress this issue at this particular moment, when official thoughts are

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