Domestic economy is on its path to recovery – RBF Governor
The Reserve Bank of Fiji Governor and Chairman of the RBF Board, Ariff Ali says the domestic economy is on its path to recovery after two years of contractions led largel
Tag: RBF
RBF says as at December 2021, commercial banks have set aside $185.9 million as provisions for loans
The Reserve Bank of Fiji says as at December 2021, commercial banks have set aside $185.9 million as provisions for loans that have been identified as having some elemen
PM to launch commemorative currency during the Fiji Bitter Marist 7s this Saturday
The Reserve Bank of Fiji in partnership with the Fiji Rugby Union and the Marist Rugby 7s will unveil a commemorative currency during the Fiji Bitter Marist 7s this Satur
5,244 businesses assisted under the COVID-19 Recovery Credit Guarantee Scheme so far
The Reserve Bank of Fiji has so far approved 5,244 loan applications worth $106.9 million under the COVID-19 Recovery Credit Guarantee Scheme. Acting Prime Minister an
Inward personal remittances grows by 14.6% in 2021 to reach a new record of $842.2 million
The Reserve Bank of Fiji confirms inward personal remittances grew by 14.6 percent in 2021 to reach a new record of $842.2 million. Personal remittances is money sent
Foreign reserves are projected to remain adequate, boosted by Govt loan drawdowns and the resumption of international travel – RBF Board
The Reserve Bank of Fiji Governor and Chairman of the Board, Ariff Ali says data for the 2021 December quarter depicted a pickup in aggregate demand indicators when compa
Annual inflation was 3% in December 2021 and expected to rise further in the next 3 months due to the recent floods – RBF Board
The Reserve Bank of Fiji Board says the annual inflation was 3.0 percent in December 2021, underpinned by higher food and fuel prices which have been spurred by higher gl
RBF awarded the 'Regional Commemorative Banknote of the Year Award'
The Reserve Bank of Fiji has been awarded the ‘Regional Commemorative Banknote of the Year Award 2021’ for the commemorative $50 banknote at the Reconnaissan
Mobile money payments have increased from around $100M in 2016 to more than $700M in the first 10 months of 2021 – RBF Governor
 The Governor of the Reserve Bank of Fiji, Ariff Ali says mobile money payments have increased from around $100 million in 2016 to more than $700 million in the first
Despite the growing optimism, there are downside risks to the economic outlook – RBF Governor
The Reserve Bank of Fiji Governor and Chair of the Macroeconomic Committee, Ariff Ali says a slower-than-anticipated travel appetite, the wait-and-see approach by investo
Economic growth expected to rebound by 11.3% in 2022 following a re-estimated 15.2% contraction in 2020
Fiji’s economic growth is expected to rebound by 11.3% in 2022, following a re-estimated 15.2% contraction in 2020 and a 4.1% decline in 2021. The Reserve Bank
Govt revenue declined by 11% to $276.4 million, expenditure rose at 31.2% to $547.1 million due to an increase in capital expenditure in the first two months of the financial year
The Reserve Bank of Fiji says Government revenue declined by 11% to $276.4 million while total expenditure rose sharply at 31.2% to $547.1 million due to the surge in cap
Personal remittances rose by 17.8% to $690.6 million in the year to October - RBF
The Reserve Bank of Fiji says the influx of personal remittances along with the second payout of the Government’s $360 cash assistance and improvement in labour ma
Bounce back of domestic activity underway but risks of third wave, adverse weather events, rising international oil and food prices remain – RBF Governor
The Governor and Chairman of the Reserve Bank of Fiji Board, Ariff Ali says the bounce-back in domestic economic activity is underway, although it remains below pre-pande
The $96.6 million disbursed in loans to over 4,500 businesses to date is timely and ensures that disruptions to business operations are minimised – RBF
The Reserve Bank of Fiji Governor, Ariff Ali says the $96.6 million disbursed in loans to over 4,500 businesses to date is timely and ensures that disruptions to business
RBF urges people to refrain from participating in deposit schemes offered by unlicensed individuals or entities
The Reserve Bank of Fiji says people should refrain from placing deposits or participating in deposit schemes offered by unlicensed individuals or entities. It says th
RBF forecasts inflation to reach 2% by the end of 2021 after accounting for elevated external price pressures
The Reserve Bank of Fiji forecasts inflation to reach 2 percent by the end of 2021 from -2.6 percent at the end of 2020 after accounting for elevated external price press
About $93.3 million in loans to 4,185 businesses under the Government Guarantee and Interest Subsidy Scheme boosts economic recovery
While credit conditions remain soft, the injection of approximately $300 million through the various Reserve Bank of Fiji Facilities, including approximately $93.3 millio
Economic prospects relatively favourable in the months ahead however some uncertainties remain – RBF Governor
The Reserve Bank of Fiji Governor and Chairman of the Board, Ariff Ali says in the months ahead, economic prospects are relatively favourable as the appetite to travel to
Freight costs have increased by two to threefold compared to the beginning of last year, and this has contributed to inflation – RBF Governor
The Reserve Bank of Fiji Governor, Ariff Ali says generally inflation based on the basket of goods has been in the negative territory for almost two years until last mont
No devaluation – RBF Governor
Reserve Bank of Fiji Governor, Ariff Ali has acknowledged that the COVID-19 pandemic which is a one in a 100 year event, has resulted in the sharpest economic contraction