Foreign reserves are currently around $ billion, sufficient to cover nearly 5 months of imports of goods and non-factor services. In view of the relatively comfortable reserves position, the Reserve Bank has further reduced some exchange controls and will continue to work with banks and other key stakeholders to reduce uncertainties considered as hindrances towards increasing investment.
Ladies and gentlemen, the Reserve Bank maintains an open door policy in regard to new entrants to the financial system in Fiji, provided that potential licensed entities meet relevant legislative and regulatory requirements.