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RBF cancels two foreign exchange licenses

August 2, 2012 7:00 pm

The Reserve Bank of Fiji has ceased the operation of two foreign exchange businesses.

Capital Foreign Exchange – trading as CAMBIO and Natadola Tourism Holdings trading as Just Exchange have had their licenses cancelled.

No reason has been given by the RBF.

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The Reserve Bank was delegated powers for the licensing, control and monitoring of foreign exchange dealers in November 2002.

Section 3 of the Exchange Control Act 1985 states the authority to conduct foreign exchange business in Fiji is restricted to persons authorized by the Minister of Finance.

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