The impact on commodities market can be gauged from the fact that the year-on-year growth in the prices as of March 2022, was 400% for natural gas, 250% for coal, 76% for crude, 30% for food and approximately 120% for fertilizers 8. These increased prices led to multi-decade high inflation in many advanced economies.
Barry Whiteside: Commemorative coin for Fiji’s Iliesa Delana Welcome address by Mr Barry Whiteside, Governor of the Reserve Bank of Fiji, at the unveiling of the Iliesa Delana commemorative 50 cent circulation coin at the Reserve Bank of Fiji, Suva, 18 September 2013.