Fiji Time: 7:52 PM on Tuesday 17 October

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 0.62160.6026
JPY 56.274453.2744
GBP 0.37320.3652
EUR 0.42070.4087
NZD 0.69850.6655
AUD 0.63540.6104
USD 0.49810.4811

from

$0.00

Exchange Rate updated on 17th, October, 2017

Today's Most Read Stories

  1. Man allegedly hit by bulldozer blade, dead
  2. 11 vye for Miss Fiji crown
  3. Fiji Airways to ground aircraft until cleared to fly
  4. Faith, a true survivor against all odds
  5. 'Let's bring it to life'
  6. Bati visits Ra villages
  7. Full force for polls
  8. NCDs' shocking stats
  9. Health audit
  10. CORRECTION

Top Stories this Week

  1. 30 officers dismissed from force Friday (13 Oct)
  2. Final in mind Monday (16 Oct)
  3. 'Hell on Earth' Thursday (12 Oct)
  4. Cyclones predicted to hit Fiji Wednesday (11 Oct)
  5. $8m drugs seized Friday (13 Oct)
  6. Man allegedly hit by bulldozer blade, dead Tuesday (17 Oct)
  7. Villagers pass around eTransport card Monday (16 Oct)
  8. Plans for Bati Sunday (15 Oct)
  9. Unsolved mystery of MV Joyita Sunday (15 Oct)
  10. Fijian overstayers Thursday (12 Oct)