This process ensured the maximum fall in the exchange rate. Something clearly has to be done in terms of managing the crisis to reduce the incentives for everyone to try to be the first one out of the door. Some system of standfast followed by an orderly workout involving rollovers, reschedulings and, in extreme cases, debt equity swaps is clearly required.
So while we may say or feel in Fiji that we do not need to worry to much about these activities, let me tell you today that the evidences show otherwise. Fiji is not immune. Recent arrests have surprised everyone that such sophisticated crimes can happen under our very noses. We are part of the global village whether we like it or not.