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?
Answer: The immediate effect is that all our exporters are going to receive 20 per cent more in Fijian dollars. Our tourism is going to benefit greatly. The global crisis is really affecting our tourism sector and it is going to have greater effect later on. We had to correct this situation. We cannot go on the way we were doing.