Economy

Fiji’s foreign reserves hit $2 billion barrier

Finance Minister Aiyaz Saiyed-Khaiyum says Fiji’s foreign reserves are at an all time high of $2.04 billion, sufficient to cover more than five months of exports. Mr. Saiyed-Khaiyum, speaking in Parliament yesterday, said: Fiji’s foreign reserves are at an all-time high. We broke the $2 billion barrier a few weeks ago, and we currently hold around $2.04 […]

Calvin Prasad

September 22, 2015 12:12 am

Finance Minister Aiyaz Saiyed-Khaiyum says Fiji’s foreign reserves are at an all time high of $2.04 billion, sufficient to cover more than five months of exports.

Mr. Saiyed-Khaiyum, speaking in Parliament yesterday, said:

Fiji’s foreign reserves are at an all-time high. We broke the $2 billion barrier a few weeks ago, and we currently hold around $2.04 billion sufficient to cover more than 5 months of imports.  This is an increase of more than $200 million dollars from the end of 2014.

Fiji’s foreign reserves, according to the Reserve Bank of Fiji:

  • July 2015: $2,000,900,000
  • June 2015: $1,988,200,000
  • May 2015: $1,889,500,000
  • July 2014: $1,611,700,000

Reserve Bank of Fiji:

Foreign reserves includes monetary gold, Special Drawing Rights, reserve position in the Fund and foreign exchange assets consisting of currency and deposits actually held by the Reserve Bank.

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