The purpose of the reforms is not to strangle the financial system but to render it more stable. To achieve this, the risks in the system have to be made more transparent, and these risks need to be borne by those that entered into them.
We are of the opinion that there is merit in modernizing Fiji’s coins and we need to introduce coins that are convenient to handle and cheaper to produce with significant cost savings to the nation. We have conducted a nationwide survey and the views of the public are being considered. This project will take about a year to complete.