• These foreign reserves are what the RBF holds in its accounts. In addition, we have allowed a number of non-bank financial institutions to invest offshore. At the end of July 2016, foreign reserves held by other institutions amounted to more than $ million.
3  Financial Stability • Honourable Members, it is paramount that our financial system is safe and sound whereby depositors, pensioners, policyholders and unit holders’ funds are protected. The safety and soundness of our financial system is also crucial in ensuring the confidence of investors and international agencies.