Regulatory Alerts2021-08-17
Reserve Bank of Fiji Act (1983)
The Parliament of Fiji enacted this Act to establish the Reserve Bank of Fiji as the successor to the Central Monetary Authority, transferring its assets, liabilities, and regulatory functions. The legislation defines the Bank's principal purposes, including monetary stability and currency regulation, while detailing its corporate structure, capital requirements, and governance by a Board of Directors. It further grants the Bank exclusive rights to issue currency, manage external reserves, and act as the fiscal agent for the Government.
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