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Printing money could lead to inflation: Fiji Economy Minister
11:29 pm GMT+12, 25/06/2020, Fiji

We are not in the business of printing money.
 
This was highlighted by Minister for Economy Aiyaz Sayed-Khaiyum while answering a question during the budget consultation in Nadi.
 
Nadi Chamber of Commerce president Dr Ram Raju had asked if it was possible to print money and inject it into the economy.
 
Dr Raju said he was curious to know after an economist raised the issue.
 
Sayed-Khaiyum says if they start printing money it could lead to inflation.
 
He said maybe the economist who raised the point doesn’t understand the finer details of printing money.
 
Sayed-Khaiyum said they are in the business of managing the economy and not printing notes.

SOURCE: FBC NEWS/ PACNEWS




 


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