RBF urges Fijians to attend Capital Markets week
July 4, 2018 7:23 pm
The Reserve Bank of Fiji is urging Fijians to take advantage of the Capital Markets week campaign currently underway in Suva.
Governor Ariff Ali says the campaign is a great opportunity for Fijians to understand the investment benefits and returns available through the capital markets.
Ali says the capital markets play a critical role in mobilising savings into medium to long-term productive use in both the public and private sectors.
“Fiji’s capital markets comprise of the stock market where companies raise funds for business expansions by issuing shares and managing investment schemes such as the unit trust market where licensed professional managers pool funds for investment by issusing units, and the bond markets, where government and state owned enterprises raise funds by issuing bonds for their expenditure.”
Ali says the market which is valued at 6 billion dollars has grown immensely over the years, hence, the central bank wants Fijians to take advantage of this.
A week-long expo will be held with information kiosks set-up for the public at the FNPF downtown boulevard in Suva to better understand how capital markets work.
The Capital Markets week will wrap up tomorrow.