Foreign reserves are currently at $ billion or sufficient to pay for just under 5 months of imports of goods and services. Before I close I would just like to mention that the credit rating agency Moody’s recently upgraded Fiji’s credit rating outlook from ‘negative’ to ‘stable’, citing improved fiscal and macroeconomic outcomes and the stability of Fiji’s external payments position.
This is now in line with the rating and views of another agency, Standard & Poors, and puts a positive spin on our economic outlook. Conclusion Ladies and gentlemen, I have taken up a lot of your time and it is my great pleasure to launch ANZ’s Renminbi trading platform today.