Warns that stockpiling of fuel and essential goods could disrupt the economy
By George Maelagi
Solomon Star Online
The Governor of the Central Bank of Solomon Islands [CBSI] Dr Luke Forau, is urging Solomon Islanders to remain calm and avoid panic buying amid global oil uncertainties.
Speaking at a public symposium at the Solomon Islands National University (SINU) Kukum Campus on Wednesday, Dr. Luke Forau warned that stockpiling fuel and essential goods could disrupt the economy and disadvantage others.
“We must not go into panic buying mode. Buy only what you need and let the economy function normally,” he said.
He added that the impact of global oil price increases is expected from May onwards, and any early price hikes would be illegal and should be reported.
Dr. Forau emphasized that responsible consumer behavior is key to maintaining stability during this period of global economic uncertainty.
