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".
Read more about this topic: Reserve Bank Of Fiji
Famous quotes containing the words reserve and/or bank:
“Her face had the seamed reserve of the old in this country [Japan]. It was a neighborhood poignantly rich in old ladies.”
—Angela Carter (19401992)
“That strain again, it had a dying fall;
O, it came oer my ear like the sweet sound
That breathes upon a bank of violets,
Stealing and giving odor. Enough, no more,
Tis not so sweet now as it was before.”
—William Shakespeare (15641616)