Reserve Bank's Statutory Responsibilities
The functions, powers, and responsibilities of the Bank are specified in the Reserve Bank of Fiji Act, 1983.
"The principal purposes of the Bank as stated in Part ll, Section 4 of the Reserve Bank Act are as follows:
To regulate the issue of currency, and the supply, availability and international exchange of money; To promote monetary stability; To promote a sound financial structure; and To foster credit and exchange conditions conducive to the orderly and balanced economic development of the country".
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Famous quotes containing the words reserve and/or bank:
“In a democracy—even if it is a so-called democracy like our white-élitist one—the greatest veneration one can show the rule of law is to keep a watch on it, and to reserve the right to judge unjust laws and the subversion of the function of the law by the power of the state. That vigilance is the most important proof of respect for the law.”
—Nadine Gordimer (b. 1923)
“Life is a long Dardenelles, My Dear Madam, the shores whereof are bright with flowers, which we want to pluck, but the bank is too high; & so we float on & on, hoping to come to a landing-place at last—but swoop! we launch into the great sea! Yet the geographers say, even then we must not despair, because across the great sea, however desolate & vacant it may look, lie all Persia & the delicious lands roundabout Damascus.”
—Herman Melville (1819–1891)