PREAMBLE

This recalibrated monetary policy framework aims to address the current state of price a nd exchange rate instability in the economy. It is informed by two strategicpolicy pillars of restoring price and exchange rate stability, and re-monetising the local currency for it to serve its role as a medium of exchange and a store of value in a multi-currency system. The policy seeks to rebuild market confidence and trust, as well as Bank policy credibility.