RBF reassures Fijians of good economic prospects
April 17, 2019 12:20 pm
Reserve Bank Governor Ariff Ali says it’s important that Fijians understand the role of the Central Bank.
Speaking to business leaders at the 2019 Business Summit this week, the Governor clarified that the economic prospects for Fiji are good.
Ali says the RBF is in a pivotal position to understand global trends to ensure Fiji’s financial sector remains buoyant.
“The role of Central Banks as I’ve said is a forward looking thing, we operate, we try and see what will happen in the next 12 to 24 months and we try and influence the economic activity. So the very simple role of Central Bank is one, we are the first line of defense against economic instability.”
Meanwhile, the Central Bank Governor has reassured business leaders and investors that here are no issues with liquidity in Fiji’s market, with an estimated $327 million available.
In addition, he has reiterated that there are no plans to plans to devalue the Fijian dollar in the foreseeable future.