In this instance, it was clearly noted that the Central Bank merely introduced the concept of “hedging” to the Petroleum Corporation, which was a perfectly sensible and globally accepted prudent course of action in a highly volatile commercial environment. Extensive investigations confirmed that the Central Bank had not acted in a wrongful manner by making such proposal to the Government in keeping with its role a the Economic Advisor to the Government, and that the loss occurred as a result of the commercial transactions between the Petroleum Corporation and several International Banks which turned to the disadvantage of the Petroleum Corporation. Accordingly, it was clearly established that the loss was not due to any lapse or fault of the Central Bank or Governor Cabraal.