In the last week the Fiji Revenue and Customs Authority has reported 3 cases of people trying to smuggle $Fs out of the country hidden in luggage. Why don’t they just report it and seek approval for its transfer? Could it be because they wouldn’t get approval. The big balance in foreign exchange that the regime boasts about is a result of tight controls. People have to seek approval to pay their credit card bills in foreign currency. And why the tight controls? Is it because the regime is terrified of another devaluation when the memory of the last one and the poverty it caused is so fresh in everyone’s memory?
Fiji Times 15 June 2014 Three currency smuggling cases