It is also encouraging that, in our current political climate, the Bank of South Pacific has decided to go ahead with its plans to enter Fiji. I warmly congratulate you on this new venture and wish Bank of South Pacific Limited all the best in your operations in Fiji. Fiji is going through some turbulent times.
We in the Reserve Bank of Fiji have moved quickly to safeguard financial stability. We have asked the commercial banks to freeze their loan books. We have tightened exchange controls. But let me explain here that we have not stopped any foreign transactions. We have just asked the commercial banks that they seek our approval first before they make these deals.