The increased FRN issuance has been designed to meet the demand for such paper from banks who want to hold state government paper to meet the soon to be implemented prudential liquidity requirements. 3 Banks have a natural preference to hold FRNs to match the floating rate nature of their liabilities.
I have been made aware that the BSP Automatic Teller Machine located in the Sugar City Mall is the highest performing ATM out of all the BSP ATMs in Fiji, and no doubt the opening of this branch will compliment an already active presence of BSP in Lautoka. Someone once said that “If we don’t take care of our customers; someone else will ”.