Regulatory Alerts2020-03-22
Reserve Bank of Fiji Act (Amendment) Decree 2009
The Reserve Bank of Fiji Act establishes the Reserve Bank of Fiji as the successor to the Central Monetary Authority, defining its corporate status, principal purposes, and operational framework. The legislation outlines the Bank's governance structure, including the composition and appointment of the Board of Directors, the Governor, and other officers, while mandating strict rules regarding conflicts of interest and secrecy. It further grants the Bank exclusive authority over currency issuance, external reserve management, and banking regulation, while detailing its financial obligations, profit distribution, and relationships with the Government and other financial institutions.
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