• Honourable Chair, central banks are high impact organisations. Our decisions or indecisions and our actions or inactions have major and far reaching repercussions and consequences on the economic well-being of the public at large and the entire spectrum of businesses in the nation. The responsibility and accountability is immense and central banking is therefore not for the faint of heart.
• Section 4 of the RBF Act lists down the core functions of the Bank. In addition, section 153 of the 2013 Constitution of the Republic of Fiji includes provisions on the primary objectives of the Bank. • Honourable Chair, central banking, in very simple terms is responsible for the preservation of three aspects of stability: [i] [ii] [iii] 2.