Traders

Acting Finance Minister Lionel Aingimea who is also Nauru’s President has issued an Order to that effect.

Traders have also been warned not to hoard goods that are necessary or essential for everyday living of members of the community.

The Order also applies to services.

Traders have also been urged to ensure that good and services for retail purposes are available in reasonable quantities for domestic consumption.

The Prices Regulation(Prohibition of Hoarding and Price Inflation Order 2020 was published in the Gazette on Saturday, 21 March 2020.

More signs of slowing economic growth in China weighed on prices for copper and other commodities Monday. That sent prices for materials stocks lower. Energy stocks fell along with the price of crude oil.

The Dow Jones industrial average gave up 62 points, or 0.4 percent, to close at 16,370.

The Standard & Poor's 500 index declined 8 points, or 0.4 percent, to 1,953. The Nasdaq composite fell 16 points, or 0.3 percent, to 4,805.