I sent a team of my senior staff to go out and explain to all the key stakeholders, the policies that were put in place by the Reserve Bank and the reasons behind these policies. I believe people must be fully informed of why the Fiji dollar was devalued as it affects each and everyone of us.
Page 3 of 8  In order to mitigate the risk of bank runs as well as to protect the interests of depositors, deposit insurance systems are established to guarantee the nominal value and liquidity of deposits up to a certain size, funded with premiums paid by the institutions whose deposits are insured.