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RBF maintains adequate level of foreign reserves

The Reserve Bank of Fiji remains committed to delivering its mandate of maintaining an adequate level of foreign reserves and ensuring price and financial

The Fiji Times » Fiji s A-G clarifies loan plan

The Fiji Times » Fiji s A-G clarifies loan plan
fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.

AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years

AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years AG tables RBF Act 1983 to extend the period for advances from 183 days to 5 years Attorney General Aiyaz Sayed-Khaiyum. Attorney General Aiyaz Sayed-Khaiyum has tabled a Bill to amend the Reserve Bank of Fiji Act 1983 which seeks to extend the period for advances from 183 days to 5 years. While tabling the Bill, Sayed-Khaiyum says the restriction on advances for 183 days creates uncertainty on credit accessibility and banks and other credit institutions may find it risky and administratively cumbersome to access funds under this arrangement. He says the restrictive loan term defeats the primary purpose of providing special incentives to the targeted sectors.

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