If inflationary pressures in the two countries converge, I have no doubt that in due course we will find that monetary conditions in the two countries will converge also. Indeed, that seems to have happened to a considerable extent in recent months.
Financing of consumption One may ask where is the funding of this strong consumer spending coming from. Well, from four major sources. Firstly, wages and salaries, secondly, credit or borrowing, thirdly, Fiji National Provident Fund withdrawals and lastly from remittances. Withdrawals from FNPF are running at around $ million a month. Remittances Let me elaborate on the remittances.