Former RBF economist and Unity Fiji candidate says the Fijian Govt took $100 million loan from RBF to pay salaries

Former RBF economist and Unity Fiji candidate says the Fijian Govt took $100 million loan from RBF to pay salaries

By Krishneel Nair
Saturday 26/11/2022
[Photo: Mohammed R. Khan ]

A former economist of the Reserve Bank of Fiji and Unity Fiji Party candidate, Mohammed Khan says in the fourth quarter of 2018 and the first quarter of 2019, the government took a $100 million loan from RBF to pay for civil servants' salaries.

While speaking at a Unity Fiji rally in Nausori, Khan says when the government doesn't have money, they need to borrow to fund its daily operations.

He adds a staggering $2 billion was borrowed by the government in just 18 months.

Khan also says the reality of the matter is they are giving Fijians the money which has been borrowed.

We have sent questions to the Reserve Bank of Fiji and the Minister for Economy. They have not responded.


Click here for full Elections Coverage




Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
All Blacks 7s claim both Sydney 7s men’s and women’s titles
Serious questions are being asked after yet another dismal performance by the Fiji Airways men’s 7s team in the HSBC World 7s Series.
5 days ago

Womens Rugby World Cup 2022
Quarter-final qualification is now the goal for the Rooster Chicken Fijiana 15’s following their 21-17 victory against South Africa.
110 days ago

Queen Elizabeth II passes away
Queen Elizabeth II, the UK's longest-serving monarch, has died aged 96, after reigning for 70 years.
140 days ago
FEATURE NEWS
Riyaz Sayed-Khaiyum had a total package for the year of $387,790.08 and received $32,315.84 per month - Amrit
Fijian Broadcasting Corporation Chair, Ajay Bhai Amrit stresses the former CEO, Riyaz Sayed-Khaiyum had a total package for the year of $387,790.08 an...
10 hours ago
LATEST NEWS
Grammy Awards 2023: Beyoncé becomes the biggest winner in history
Beyoncé has broken the record for the most Grammy Award wins of all time, after collecting her 32nd trophy at this year's ceremony. The singer ...
10 hours ago

Millions of tonnes of waste dumped at Naboro Landfill since its inception in August 2005
The Naboro Landfill has received 1,295,651 tonnes of waste since its inception in August 2005 to December last year, and the tonnage of waste landing ...
10 hours ago

CWM Board of Visitors confirms clean up day on Feb 25th
Colonial War Memorial Hospital, Board of Visitors Chair, Dr Esther Williams has stated they are having a Clean Up Day on Saturday, February ...
10 hours ago

Beyoncé leads nominations for Grammys and might break record for most wins
Beyoncé is the top nominee for the 65th annual Grammy Awards, with all but one of her nine nods coming for her dance-heavy album ...
14 hours ago

Prof.Prasad having several high-level bilateral engagements with Indian Government Ministers
Fiji's discussions in India will be focused on advancing India-Fiji economic relations and bilateral cooperation in areas of mutual strategic ...
14 hours ago

TOP