Fiji: Pacific currency union out of the question

Fiji has rejected out of hand the idea of partaking in a Pacific currency union. The prime minister said the idea was totally out of tune, far-fetched and unworkable. Australia's PM commented, "I think we should crawl before we walk" but did not reject the proposals, which originated in Australia.

Source: National Business Review, New Zealand

Fiji would resist any attempt to introduce a single currency for Pacific Island countries, Prime Minister Laisenia Qarase said during the 34th Pacific Fo