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.
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.