“The Central Bank launches the security clearance platform.” There is an estimated 80% of currency held outside the banking system. If we use the assumption that the SPP (security clearance platform) is an effort for post re-valuation or redenomination it is bolstered and supported by this action…It may trigger an influx of cash deposits as citizens exchange old notes for new notes. The platform…may be a critical tool in managing the transition, ensuring banks can handle increased volumes…The move by the central bank looks to support the assumption that the platform is part of preparatory measures…It is not surprising to see this type of action from the Central Bank. It would likely be expected.
