Revise the mechanism for setting the daily official exchange rate to keep the spread between the official and commercial banks exchange rates within the permissible range.
At P1R6, this benchmark for June '08 was set up jointly with the government of STP as an example of their ownership of their reforms. On the official exchange rate,  as discussed in the body of the sixth review staff report (EBS/08/64), the authorities are committed to this reform. Some progress has been made, but has not yet been met. The benchmark does not fall under the sixth review.