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Foreign reserves increase by $200 million

September 20, 2015 11:00 pm

Fiji currently holds around $2.04 billion of foreign reserve which can sufficiently cover five months of imports.

This was revealed in Parliament today by the Acting Prime Minister and Minister of Finance Aiyaz Sayed-Khaiyum.

Sayed-Khaiyum says this is at an all time high as it has increased by $200 million from the end of last year.

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He highlighted this is 300 percent more than the $515 million in foreign reserves in 2006.

Sayed-Khaiyum says if the Fiji National Provident Fund foreign reserve is included then our foreign reserve currently stands around $2.7 billion.

He was responding to the President’s address to the new session of parliament.

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