Get Welcome To The Monthly Public Awareness Column With The Reserve Bank Of Fiji (rbf)

On June 12th 2022, the Central Bank of the Fiji Islands was authorised to issue a commemorative 88 cents collector's note (non-circulating). The banknote is dedicated to the god of fortune and the money tree, two traditional images in Chinese Taoist culture. Both are signs of good luck and economic prosperity.

The Reserve Bank of Fiji (RBF; Fijian: Maroroi Baqe ni Viti) is the central bank of the Pacific island country of Fiji. The responsibilities of the RBF include the issue of currency, control of money supply, currency exchange, monetary stability, promotion of sound finances, and fostering economic development.

In summary, the RBF's twin monetary policy objectives of maintaining low inflation and healthy foreign reserves are important for ensuring sustainable economic growth and a sound macroeconomic environment.

The RBF is established as an independent institution under the RBF Act (1983) and is fully owned by the Government of Fiji. The functions and duties of the Reserve Bank are specified in the RBF Act (1983), RBF (Amendment) Decree 2009, the Banking Act (1995), the Insurance Act (1998), the Exchange Control Act (Rev.

A sound financial system is an essential element for promoting economic stability and growth. The Reserve Bank is responsible for promoting financial system stability. The Reserve Bank powers in this area are provided under: The Reserve Bank of Fiji Act; The Banking Act; and The Insurance Act.

There are six commercial banks licensed by the Reserve Bank of Fiji with established operations in Fiji.

What are the Terms and Interest Rates on Viti Bonds? 5 years maturing on 30 January 2025 4.00% p.a. 7 years maturing on 30 January 2027 4.50% p.a. 10 years maturing on 30 January 2030 5.00% p.a.