Fiji Time: 7:05 PM on Monday 26 June

Fiji Times Logo

/ Front page / News

Liquidity up

Ropate Valemei
Monday, June 15, 2015

THE country's liquidity level has increased from $470 million in the first few months of this year to $600m as of June 12, says Reserve Bank of Fiji governor Barry Whiteside.

Liquidity is a degree to which an asset or security can be bought or sold in the market without affecting the asset's price and is characterised by a high level of trading activity.

"Liquidity in the first few months falls at around $470million and it is now $600m. It is really the function of the strengths of our reserves," Mr Whiteside said.

The country's current reserve is about $1.9 billion and according to Mr Whiteside it was the strongest that it had ever been.

The reserves, he said had been growing and is secured to retain 4.8 months of imports.

"Our economy is very healthy and is moving along at a steady level.

"You are aware that past two years, growth was in excess of 4 per cent."

This year, they were forecast 4.3 per cent and the central bank is confident they will hit that target.

"Investment is very strong and also consumption is very strong at this time.

"We are very comfortable this time with our reserve levels and inflations."

At the same time, inflation is very low as well below 1 per cent as of last month.

"We will try to keep encouraging the economy through accommodative monetary policy."

Mr Whiteside said they were looking at investment around 25 per cent of the GDP this year.

"We hit that target last year and the year before that which indicate strong investment at this time."

He said much of this investment was from the private sector which contributed strongly in the economy and Government's continued invest in infrastructure.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65100.6320
JPY 55.181552.1815
GBP 0.38410.3761
EUR 0.43800.4260
NZD 0.68080.6478
AUD 0.65190.6269
USD 0.49280.4758

from

$0.00

Exchange Rate updated on 26th, June, 2017

Today's Most Read Stories

  1. Cokanauto guilty
  2. Don't fear
  3. Ryan option
  4. Medicine shortage
  5. 'Pay heed to concerns'
  6. Team commended
  7. 'Address high cost of living'
  8. Finau: Bauxite shipments reduced
  9. MP shares the spirit of Eid with children
  10. Waste water seeped into waterways, says ministry

Top Stories this Week

  1. Radio host cleared of rape Tuesday (20 Jun)
  2. Pastor denies claims Thursday (22 Jun)
  3. 4 dead Thursday (22 Jun)
  4. Media boss in road accident inquiry Thursday (22 Jun)
  5. No terror link Tuesday (20 Jun)
  6. Cokanauto guilty Monday (26 Jun)
  7. Kolinisau's plan Sunday (25 Jun)
  8. Under scrutiny Wednesday (21 Jun)
  9. Skipper selection Sunday (25 Jun)
  10. Umarji walks free Friday (23 Jun)