In sum, financial stability and efficiency matter for the conduct of monetary policy because the abovementioned effects and signals have to be taken into account in the assessment of the monetary policy stance. If this is the case, should financial stability and efficiency also have a bearing on the monetary policy strategy, i.e.
We welcome innovation and investment and at same time will build up regulatory oversight as the market develops. We are currently working on a best practice Payment Systems Legislation, to licence and regulate all providers of the E-Money services in Fiji. The legislation will be based on four general principles of i). safety; ii). efficiency at the national level; iii).