Reserve Bank of Fiji Gold Output Decreases Severely in 2013

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Reserve Bank of Fiji (RBF) has described a sharp decline of gold output of 15.6 % year-on-year in 2013 as Vatukoula Gold Mines Ltd concentrated more on capital and exploratory works, said centered bank.

In the January economic reconsider this year, RBF said domestic financial conclusions were broadly affirmative underpinned mainly by upbeat performances in utilization and buying into activity.

“Investment signs remained mostly affirmative throughout 2013 evidenced by favorable performances in the construction part, the rush in new buying into lending and acceleration in trades of buying into goods,” the bank added.

The bank also documented bank lending for investment reasons increased over the same time span last year as an outcome of higher disbursements to the genuine land parcel and construction and construction sectors.