Given the growing strength of Hamas, Hizbullah and Islamic Jihad, it is likely that one or more of these groups would emerge as the defactoauthority in this lawless land.
Officials said that they saw little need to hurry what was a sensitive and complex process because there was a defacto command authority in place, with the prime minister, Atal Behari Vajpayee, in charge of the nuclear trigger.
The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the defacto central bank.