Hold a foreign exchange auction at a
rate which eliminates the estimated real
overvaluation; issue a notice to banks
that they can quote and trade at any
exchange rate; increase CBE policy
interest rates by at least 300 basis
points; and introduce longer-term
deposit auctions to more effectively
absorb liquidity during the adjustment
process, with an initial auction offer of
at least 50 billion pounds 
Objective: Eliminate misalignment and
foreign exchange shortages 