It is well established in international economics that any country that pegs its exchange rate to the U.S. dollar surrenders its domestic monetary policy to the United States and imports U.S. monetary policy. This same logic applies to any entity that pegs its exchange rate to the U.S. dollar.
I am also very thankful to our launch committee and everyone else who played a part in putting together today’s event. Vinaka vaka levu to you all. Circulation Ladies and Gentlemen, the Fiji Rugby 7s commemorative banknote and coin will be issued into circulation through the commercial banks from tomorrow and they will be legal tender, just like any other banknote or coin.