We recently announced the withdrawal of the 1 and 2 toea coins from circulation. I urge the public to return the 1 and 2 toea coins as they will officially cease to be legal tender on the 19th April 2007. I also encourage the business houses to make changes necessary for a smooth transition.
In this regard, I encourage firms to be fair and responsible in adjusting prices to the on-off policy change. The Government’s Budget deficit in the March quarter 2006 was 0.3 percent of nominal Gross Domestic Product.