CREEPING INFLATION + DWIDLING FOREIGN RESERVES = DEVALUATION

Yes bloggers, the simple layman’s equation for devaluation can be seen and felt everywhere in Fiji. Inflation is increasing i.e the cost of your daily living against a backdrop of a shrinking foreign reserves at Reserve Bank of Fiji.

No investor wants to invest money in coup coup land led by a coup coup nutty bushman like Frank, and they’re all waiting for the Fiji dollar to devalue before considering coming in given their overnight increased purchasing power prompted by the weakening Fiji dollar. A weaker Fiji dollar will mean that your weekly shopping bill and cost of living will immediately shoot upwards with imported goods becoming more expensive for locals.

So bloggers, take heed and stock up now. Shift your money out of Fiji if you can. Start planting your own veggies and root- crops and make fishing a hobby.

All the best.

Source