Problem of inflation in the local economy

In response to Saturday’s smoke signal ‘Invest seabed wealth locally’ (CINews, September 7, which questioned how investing money from seabed activities locally would distort the local economy); the Cook Islands has a stable and relatively low inflation rate predominantly because we use the New Zealand dollar.

In response to Saturday’s smoke signal ‘Invest seabed wealth locally’ (CINews, September 7, which questioned how investing money from seabed activities locally would distort the local economy); the Cook Islands has a stable and relatively low inflation rate predominantly because we use the New Zealand dollar.