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The Exchange Rate of the
Tala is determined on the basis of a trade-weighted
basket of currencies. The currency basket is reviewed
periodically to reflect changes in trade and payment
patterns between Samoa and its major trading partners.
As a result of the last review carried out in 1999, the
currency basket now comprises the currencies of New
Zealand, United States of America, Australia, Fiji,
Japan and Euro Countries. The weightings are based on
Samoa's distribution of trade, private remittances,
travel transactions and debt servicing. |
