Saturday, 1 August 2009

FIJI: Remittances saved Fiji from earlier devaluation

Fiji would have recorded devaluation 3 to 4 years ago if there were no impact of remittance income says Academic Doctor Wadan Narsey.

"We would have to devalue probably 4 years ago, 3 years ago had it not been the impact of remittance income which have been the order of 3 - $400m recorded losses and probably keeping in mind what has been unrecorded its probably of the order of around $600m," said Dr Narsey. Read more

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