WHAT A WHOPPER OF A LIE, TALK ABOUT PORKIES! YES WELL AN ILLEGAL REGIME LED BY AN OINK, IT’S TO BE EXPECTED

The Reserve Bank of Fiji (RBF) today 6.4.10 transferred $39,247,000 to Government’s coffers. The figure comprises its entire profit of $16,600,000 for the financial year ended 31st December 2009 and $22,647,000 representing one-fifth of the balance of the Revaluation Reserve Account.

In view of the prevailing weak economic conditions and tight fiscal position, the Reserve Bank of Fiji Board decided not to set aside any profit to General Reserves, but instead transfer the full amount to Government.

The transfer to Government in 2009 for the 2008 financial year was $33,031,000 (profit was $30,4600 and one-fifth of the Revaluation Reserve was $2,571,000).

The Governor and Chairman of the Reserve Bank of Fiji board, Mr Sada Reddy said: “The 2009 financial performance is a significant achievement when one takes into account the global financial environment where interest rates were as historical low levels.”

Mr Reddy added that the outturn was much better than the Bank’s budget estimates and was greately assisted by improvement in the level of foreign reserves. In this regard, Governor Reddy said that “Fiji foreign reserves level moved above $1 billion for the first time.”

———————————————————————

SOLIVAKASAMA SAYS:

Sa tu na da!

Advertisements

3 Responses to “WHAT A WHOPPER OF A LIE, TALK ABOUT PORKIES! YES WELL AN ILLEGAL REGIME LED BY AN OINK, IT’S TO BE EXPECTED”

  1. Annon. Says:

    Suggest they get a hand full of Tabua’s – go see Rambo – he’s got plenty.

  2. Annon. Says:

    Suggest they get a handful of Tabua’s – go see Rambo – he’s got plenty.

  3. Frida Says:

    You are right SV – sa tu na da! For the tabua – just look at the one the pig was holding yesterday at the Tailevu Provincial meeting. Met the troop returning to Suva, cannot believe the number of SUV’s with inted windows making up the trail. Keeps me wondering – he has the power, he is the boss (at least currently) why des he need all the gurads he is taking with him whenever he travels within? He is a real scared shit man! What a way to live life?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: