Foreign exchange inflows

​Forex from sector dropped

According to Bank South Pacific Group CEO, Robin Fleming, there has not been quite as much inflow compared to the same period in 2016.

Fleming highlighted one of the major contributors to the agriculture inflows was coffee, which has been hit hard by the Coffee Berry Borer (CBB) pest.

This has reduced output of coffee sold.

Fleming said while inflows have dropped, demand for imports continues to rise.

“From our perspective we’ve seen reduced flows as much to do with agriculture as much as anything, and demands on imports are continuing,” he said.