Politicians are among the least qualified to do this and their upfront intervention on this matter is ill thought through, and no doubt will be poorly executed.
With the nominal exchange rate held down by intervention, this could only come about through a rise in prices, creating expectations of future inflation and so reducing real interest rates.
Yet the manner in which this conflict was resolved through reasoned debate, without government intervention is reason to cheer, says Braema Mathi, a former AWARE president.