The Rerserve Bank of Fiji stresses that the devaluation of the Fiji dollar alone will not solve Fiji's balance of payments situation.
In a statement Sada Reddy has also sought support and cooperation from the various Unions in the country to apply restraint in pay increases in the next two years to allow the country to recover.
Reddy has also urged the business community not to pass on the full effects of the price increase arising from the devaluation.
He said every section of the community needs to act in concert to preserve foreign currency and encourage exports to increase foreign reserves.
According to Reddy, following the devaluation, foreign reserves have strongly recovered and liquidity is back to normal.
Devaluation won’t solve BOP situation
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