The Reserve Bank of Fiji (RBF) has announced further relaxation of exchange controls, effective next month. This move follows the 2024-2025 National Budget announcement made last month.
RBF Governor Ariff Ali stated that these changes aim to support economic activity and enhance operational efficiency by making foreign exchange payments more convenient for businesses.
“The changes also seek to reinstate the exchange control delegations that were in place prior to the pandemic. These measures had been tightened as a precautionary effort to protect foreign reserves,” Mr. Ali explained.