People will be affected by the devaluation of the Fiji dollar by 20 percent but they can be spared to a great extent if they move away from using or consuming a lot of imported items.
The newly appointed Governor of the Reserve Bank of Fiji Sada Reddy said locally produced items are the way to go.
Reddy said Fiji's foreign reserves had reached critical levels due to increasing imports and rapidly decreasing foreign reserves and decreasing exports.
He said there was no option but to devalue the dollar and increase the dollars coming through exports, remittances and tourism and reduce the consumption of imported items.
Reddy said in recent months, things were also not looking good due to the huge impact of the global financial crisis.
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Use local items - Reddy
