See Selected Issues Paper, “Samoa: The Impact of the 2009 Tsunami on Tourism and the Economy”.
One important factor is that the 2000 benchmark surveys for the production-based national accounts are likely outdated, resulting in underweight for those sectors that grew rapidly in recent years, such as tourism.
The CBS undertakes the review of the currency basket once a year, and there are no statutory requirements as to the composition and the weights of the basket. The CBS can make single discretionary exchange-rate adjustments of up to +/−2 percent against the currency basket without cabinet approval. While there is no formal limit on the frequency of such adjustments, it is understood that the CBS would request cabinet approval for larger ad-hoc adjustments.
See Selected Issues Paper “Samoa: Impediments to Bank Intermediation and Monetary Transmission”.
The program amounts to T5 million (½ percent of GDP). For further details see Selected Issues Paper “Samoa: Impediments to Bank Intermediation and Monetary Transmission”.