Fiji’s Central Bank Board has approved further relaxation of exchange controls, starting 1 August 2024.
Announced today by Reserve Bank of Fiji Governor Ariff Ali, the changes make it easier for businesses to make payments in foreign currency, improving their operational efficiency and supporting economic growth.
The changes also attempt to achieve the exchange control delegations that were in place pre-pandemic, before the Bank tightened exchange controls as a precautionary measure to protect foreign reserves, Ali said in an RBF statement.
