I remain as convinced now as I was in October 1998 that the “prominent role” assigned to money in the ECB’s strategy is a crucial component of our overall stability-oriented approach, which has proved very successful through the often challenging circumstances of the past eight years. Some important empirical findings for the euro area have been reported earlier in this session.
With the promulgation of the Mahogany Industry Development Decree 2010, in March this year, we are hopeful that the opening of access to mahogany timber will generate much needed export earnings for Fiji in time to come.