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Reserve bank relaxes controls for overseas remittances

The Reserve Bank of Fiji will relax some exchange control measures effective from 1 January 2016. The Governor of the Reserve Bank, Mr Barry Whiteside, stated that the comfortable outlook on foreign reserves has enabled exchange controls to continue to be supportive of positive market and investor confidence. Most current payments are delegated to commercial banks and […]

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November 24, 2015 3:15 pm

The Reserve Bank of Fiji will relax some exchange control measures effective from 1 January 2016.

The Governor of the Reserve Bank, Mr Barry Whiteside, stated that the comfortable outlook on foreign reserves has enabled exchange controls to continue to be supportive of positive market and investor confidence.

Most current payments are delegated to commercial banks and foreign exchange dealers. The new changes include further increases to the delegated limits of certain payments and offshore investment by Fiji residents.

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