The Reserve Bank of Fiji says devaluation alone will not solve Fiji's balances payments situation.
The paper, the Fiji Times reports Governor, Sada Reddy, saying every section of the community needs to act together to preserve foreign currency and encourage exports to increase foreign reserves.
It quotes Mr Reddy saying the central bank would implement policies from June this year which will link borrowing from commercial banks and other lending institutions by hotel operators to their local value added and environment protection.
From now to June the Reserve Bank will consult with key stakeholders on the processes involved in identifying the extent of local value added and environment protection.
