Foreign reserves now $1.522 billion

Fiji’s foreign reserves now stand at $1.522 billion.  

According to the latest review provided by the Reserve Bank of Fiji, this is the highest Fiji has reached and the $1.522 billion in reserves is sufficient to cover 4.5 months of imports of goods and non-factor services.   

RBF Governor, Barry Whiteside said the higher foreign reserves level provided an adequate buffer for preserving Fiji’s external stability, especially in the event of a sharp rise in imports particularly through higher oil and food prices.


Story by: Paradise Tudrau
[Source: MINFO]