(Bloomberg) -- New Zealand Finance Minister Michael
Cullen said there is no immediate solution available to combat
the nation's surging currency, which is crimping exports.
``The government is acutely aware of the pain the high New
Zealand dollar is causing much of the export sector,'' Cullen
said in parliament in Wellington today. ``While there are no
short-term fixes, the government is committed to removing the
imbalances in the economy by increasing savings and continuing
to run a tight fiscal policy.''
Read more at Bloomberg Currencies News
Cullen said there is no immediate solution available to combat
the nation's surging currency, which is crimping exports.
``The government is acutely aware of the pain the high New
Zealand dollar is causing much of the export sector,'' Cullen
said in parliament in Wellington today. ``While there are no
short-term fixes, the government is committed to removing the
imbalances in the economy by increasing savings and continuing
to run a tight fiscal policy.''
Read more at Bloomberg Currencies News
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