The Working Group, co-chaired by the People’s Bank of China (PBOC, Dr. Li Bo) and the Reserve Bank of India (RBI, Dr. Viral V. Acharya), focussed on issues primarily related to the development of markets in bond and equity securities 2.
So, when that happens capital starts to move out of the country. We can’t afford that. So, I had to act very swiftly, which I did on Wednesday 15th April to devalue the $ by 20 percent. Question 3: So what are the benefits of the 20per cent devaluation of the Fiji dollar immediately?