The Reserve Bank of Fiji, in the Economic Review for December, has indicated an influx of visitors up to the month of November has totalled 560,732, reaching 68.3 per cent compared to the 2019 period.
The Central Bank said that at this rate, year-end visitor arrivals are expected to surpass the Macroeconomic Committee’s earlier prognosis of 581,000 visitors.
RBD also stated that the higher turnout in visitors together with increased spending has also boosted tourism receipts to $1.320 billion, around 98 percent of the same period in 2019.
“The level of foreign reserves were comfortable at $3.426 billion as at 30th December, sufficient to cover 6.9 months of retained import cover, underpinned by higher tourism receipts, inward remittances and Government loan drawdown,” RBF added.
