April 8, 2024
Most countries have to hold and manage foreign exchange reserves for various reasons. According to the International Monetary Fund, foreign reserves consist of official public sector […]
October 31, 2022
Central Securities Depository The NPS Act (2021) and Regulations (2022) require the dematerialisation of Government and statutory corporation securities. These securities include debt and money market […]
October 24, 2022
National Payment System Legislation This article provides further information on the reform of the National Payment System (NPS) with a focus on the legislation. The […]
October 17, 2022
Modernising Payments From cash, cards, mobile money and internet banking, Fijians have more ways to pay than ever before. In 2021, the Reserve Bank of Fiji […]
December 29, 2021
An economy operates on the back of payments, which is the exchange of money for goods and services.
December 13, 2021
The Fijian economy had started to show signs of stability in the first quarter of 2021, supported by almost a year of zero community cases of […]
October 26, 2021
The Fijian economy is likely at the tail end of its deepest recession in modern history. The halt of international tourism from the first quarter of […]
April 3, 2021
Tourism plays an important role in the global economy. According to the World Travel & Tourism Council (WTTC), global travel and tourism contributed 10.3 percent to […]
February 1, 2021
Understanding Government Debt 30 January 2021 This article is the first of a two-part series covering the evolution of government debt over the past few years […]
December 24, 2020
International Remittances and Fiji’s Unsung Heroes Abroad 24 December 2020 Following the adverse impact of COVID-19 on the global economy and the actual trend of remittance […]
August 29, 2020
A Comparative Analysis of Fiji’s Lending Rates As Fiji and other international economies deal with the impact of COVID-19, the subject of interest rates has become […]
November 11, 2017
Introduction The performance of an economy is measured by the growth rate of Real Gross Domestic Product (GDP). Real GDP measures the value of all final […]
September 23, 2017
Forests have long played an integral role in the development of national economies. Approximately 30.0 percent of the world’s land surface is covered by forests; over […]
July 25, 2017
The ability of a Fijian to purchase a bag of New Zealand grown apples, drive a Japanese made vehicle or use a Chinese manufactured mobile phone […]
June 24, 2017
What is interest? Like any other commodity, money has a price. The price of money is known as the interest rate. For a saver, interest is […]
June 3, 2017
1.0 Introduction Inflation is the rate of increase in the overall level of prices of goods and services in an economy over time. It is generally […]
May 16, 2017
In this article, we examine the actual process of investing and look at some of the investment objectives. The Importance of Investment Objectives One of the […]
May 9, 2017
In this article, we will highlight the need to understand the concepts of risk and return while investing and how they are interrelated. Some individuals make […]
April 22, 2017
Monetary policy is the process by which the central bank of a country, such as the Reserve Bank of Fiji (RBF), controls and manages the level […]
March 28, 2017
Creating a budget is the first step towards managing your money wisely but this is a daunting task for many. Sticking to the budget that you […]
March 25, 2017
Labour supply refers to the number of workers that are “willing” and able to work in a particular job or industry at a given wage rate. […]
March 21, 2017
Age is just a number when it comes to being financially literate. You can never be too young to learn money management skills and the benefits […]
March 14, 2017
“Teaching your children about money management skills is a critical part of their future. If you begin teaching them while they are still young, their behaviour […]
February 28, 2017
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Our article series on ‘Savings’ began last week as we looked at creative ways to teach […]
February 16, 2017
Based on the growing view that monetary measures such as Gross Domestic Product per capita are inadequate indicators for measuring human development, the Human Development Report […]
February 14, 2017
In this article, we will highlight key features of the Viti Bond and how people can invest in it. A Viti Bond is one of the […]
January 31, 2017
In the previous two articles on Bonds, we talked about Investing in Bonds as an alternate investment instrument and the risks associated with investing in bonds. […]
January 24, 2017
To assist in its monetary policy decisions, the Reserve Bank of Fiji (RBF) conducts several surveys to gauge the latest performances and prospects of various sectors […]
January 21, 2017
The Doing Business report published by the World Bank was launched in 2002 and measures features of business rules and regulations that affect the establishment and […]
January 12, 2017
Last week, we looked at investing in bonds as an investment instrument and touched a bit on the risks associated with such investments. This article takes […]
January 7, 2017
What is Liquidity? When one talks of liquidity, one is usually referring to the ease at which assets can be converted to cash in order to […]
January 3, 2017
Making an investment is more than just putting money in a savings account or purchasing some property. Today, investors have a range of products to choose […]
December 31, 2016
What is Monetary Policy? Monetary policy is a process by which the central bank of a country, such as the Reserve Bank of Fiji (RBF), controls […]
December 27, 2016
“Knowing your basic rights and responsibilities is an essential part of being an informed investor.” The investments you make today are steps towards your future financial […]
December 24, 2016
Many individuals and families rely on their wages and salaries as the primary source of income to meet their basic needs. In Fiji and many other […]
December 20, 2016
We are fast approaching that time of the year again, where many people fall into the “overspending” trap. Yes, Christmas is just around the corner and […]
December 10, 2016
Building on an earlier newspaper article titled “Inflation in Fiji” (published in the Fiji Sun on 27 February, 2016) this article provides more in-depth analysis on […]
November 26, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. This article continues the series of articles on financial inclusion. Women play an important role in […]
November 22, 2016
1.0 Introduction The Reserve Bank of Fiji (RBF) is responsible for printing the country’s currency notes and minting its coins as well as ensuring that there […]
November 15, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. This article continues the series of articles on financial education in Fiji and how it contributes […]
November 12, 2016
It’s a simple action. The act of not spending all of the money you have. This small change in behaviour can lead to bigger things like […]
November 8, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. This article continues the series of articles on financial education in Fiji and how it contributes […]
November 5, 2016
Sitting in her living room with family portraits of her late husband behind her, Seleima Veisamasama is the picture of a calm and confident woman despite […]
November 1, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. This week we continue our series of articles on financial education in Fiji and how it […]
November 1, 2016
School-teacher Eparama Rauraumala, 29, almost decided to surrender his insurance policy when he ran into financial difficulties – holding on to the policy proved to be […]
October 31, 2016
At 33, with a flourishing career as a banker and having just moved into his newly built home in Rakiraki, Vinal Kumar and his young family […]
October 29, 2016
When Zaiesha Raniya first started learning about the importance of savings in Year 9, she faced an internal struggle. A self-confessed spendthrift, “spending and buying things […]
October 25, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
October 20, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
October 15, 2016
What is Monetary and Fiscal Policy? Monetary policy and fiscal policy are the most commonly used tools to influence a country’s economic activity. Different authorities usually […]
October 4, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
October 1, 2016
The Reserve Bank of Fiji (RBF) conducts several surveys, such as the Business Expectations Survey (BES), to obtain feedback from businesses on general business conditions and […]
September 20, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
September 17, 2016
Have you encountered instances where you were dissatisfied with a product or service provided by a financial institution such as a bank, credit institution, insurance company, […]
September 13, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
September 6, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial education in […]
September 3, 2016
1. What is the difference between saving & investment? Many people view saving and investing as the same thing. Actually they are not. Saving is that […]
August 30, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial inclusion, as […]
August 23, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. In our previous articles we introduced the importance of Financial Inclusion in contributing to economic growth, […]
August 20, 2016
Governments, organisations and individuals often make plans to achieve some particular goals in the future. Many do this by setting aside funds or spending on certain […]
August 16, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks a series of articles on financial inclusion will be published. The […]
August 9, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks a series of articles on financial inclusion will be published. The […]
August 2, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial inclusion in […]
July 26, 2016
Welcome to the Reserve Bank of Fiji’s Public Awareness column. Over the next few weeks we will cover a series of articles on financial inclusion, as […]
July 23, 2016
Commodities traded on the world market ranges from raw materials to intermediate or semi-processed goods; or simply goods that are used to manufacture other goods. The […]
July 9, 2016
Demonetisation is the act of stripping a currency note or coin denomination of its legal tender status. This means that once a currency note or coin […]
July 9, 2016
While counterfeiting is minimal in Fiji we have recently seen a spate of counterfeit notes being used for transactions. In general we have found the counterfeits […]
June 11, 2016
Currency Design Review Exercise Overview The Reserve Bank of Fiji (RBF) has the sole right in Fiji to issue and redeem currency banknotes and coins under […]
June 8, 2016
Similar to prices of crops such as dalo and bananas at our local market, prices of international commodities such as oil, sugar and gold can also […]
May 28, 2016
Many of us are aware that there was a time when people did not need money and relied on the land and the sea to meet […]
May 14, 2016
Many individuals and businesses receive foreign currency from friends and family members or business associates who are living abroad. This foreign currency has to be taken […]
April 23, 2016
The working age population of a country can be subdivided into two categories: the employed and the unemployed. This article explains and discusses different types of […]
April 9, 2016
As the nation’s central bank, the Reserve Bank of Fiji (RBF) is responsible for formulating and implementing monetary policy to achieve its dual objectives. In an […]
March 24, 2016
What is the OPR? The OPR is the key interest rate used by the Reserve Bank of Fiji (RBF) to officially indicate and communicate its monetary […]
March 12, 2016
What is Foreign Reserves? Foreign exchange reserves1 are pools of foreign currencies held by central banks to assist the international trade of goods and services. For […]
February 27, 2016
The Reserve Bank of Fiji (RBF), like many central banks, aims to maintain low and stable inflation – or price stability – as one of its […]
February 13, 2016
Gross Domestic Product or GDP, is a term often heard in the media and used by politicians, academics, economists and others to refer to how well […]
February 18, 2015
Central banks around the Pacific region have been at the forefront of driving financial inclusion related policies and initiatives in their respective jurisdictions. Like any other […]
January 31, 2014
1. What is a Viti Bond? A Viti Bond is an alternative option to other investments such as term deposits, shares or units in a trust […]
March 13, 2013
Vola o UNAISI RATUBALAVU Wednesday, March 13, 2013 Update: 11:05AM ENA veivula eratou na vakarautaka tiko na tabana ni Baqe ni Lavo Maroroi (Financial Systems Development& […]
July 31, 2012
Welcome to the Reserve Bank of Fiji Public Awareness column. In our April article, the concept of investing was introduced. This month, we examine some investment […]
May 31, 2012
Welcome to the Monthly Public Awareness column with the Reserve Bank of Fiji (RBF). This month’s article will introduce you to the FIJICLEAR payment system that […]
March 31, 2012
Welcome to the Monthly Public Awareness column with the Reserve Bank of Fiji. This month’s article will give you an understanding of the Capital Markets in […]
February 29, 2012
Welcome to this Public Awareness article, prepared by the Reserve Bank of Fiji (RBF). An inclusive financial system is one where everyone has the opportunity to […]
November 30, 2011
Welcome, to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article focuses on recurrent issues identified from complaints received by […]
May 31, 2011
Welcome to the Public Awareness column prepared by the Reserve Bank of Fiji. This month’s article introduces the types of payment mechanisms available in Fiji and […]
March 31, 2011
Welcome to the Public Awareness column prepared by the Reserve Bank of Fiji. This week’s article introduces some discussions on micro-insurance and the need to develop […]
February 28, 2011
Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article provides information on investment scams and some key […]
January 31, 2011
Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article provides you some personal budgeting guidelines and tips […]
December 31, 2010
Do you know that if you travel overseas, you can only take $500 worth of Fiji currency? It’s true. Do you also know that foreign companies […]
December 31, 2010
Tired of delivering goods or providing services and waiting for more than three days to get your bank payments processed? Do you want to send money […]
December 31, 2010
Welcome again to the Public Awareness column of the Reserve Bank of Fiji (RBF). This is part of an outreach program creating awareness on what the […]
December 31, 2010
Welcome to the Public Awareness column with the Reserve Bank of Fiji. Over the next few months, we will be publishing a series of articles on […]
November 30, 2010
Investment, in the economics literature, is largely defined as expenditure on the acquisition of new plant, machinery and equipment. Building of roads, houses, hospitals and bridges […]
November 30, 2010
Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article provides some tips on how we can all […]
October 31, 2010
The conduct of monetary policy in Fiji has always been a topical subject among policymakers in the public and private sectors. While the conduct of monetary […]
October 31, 2010
Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article focuses on borrowing money and managing that credit. […]
September 30, 2010
The working age population of a country can be subdivided into two categories: the employed and the unemployed. In this article we discuss some of the […]
June 30, 2010
Central banks have several instruments that they can use to conduct monetary policy. One of these is interest rate. How does a central bank influence interest […]
June 30, 2010
Welcome to the Monthly Public Awareness column with the Reserve Bank of Fiji. This month we focus on teaching our children about managing money from an […]
May 31, 2010
Passing by a commercial bank or foreign exchange dealer, you would have noticed exchange rates posted on their windows. Have you ever wondered how these numbers […]
May 31, 2010
Tired of delivering goods or providing services and waiting for more than three days to get your bank payments processed? Do you want to send money […]
May 7, 2010
Objective The export sector contributes significantly to Fiji’s economic growth. While there are some established exports, there are many small and new exporters that may need […]
April 30, 2010
Money, like any other commodity has a price to it. The price of money is the interest rate. If you are a saver, interest is the […]
April 7, 2010
The subject of interest rates has been a topical issue lately. This article will explain what interest rate is; how it is used by the Reserve […]
March 31, 2010
Inflation is the general increase in prices of goods and services in an economy. It indicates the rate of change in prices over some period – […]
March 31, 2010
Welcome again to the Public Awareness column of the Reserve Bank of Fiji (RBF). This is part of an outreach program creating awareness on what the […]
March 1, 2010
A commercial bank is usually the financial institution we deal with most often. People deposit and withdraw money everyday from the banks. However, they are not […]
February 28, 2010
We hear a great deal about foreign reserves, but what exactly are they, how do we earn them and why are they necessary? We will attempt […]
February 28, 2010
Welcome to the Monthly Public Awareness column with the Reserve Bank of Fiji. Last month we talked about investing and why you should invest. This month […]
February 28, 2010
Welcome to the Monthly Public Awareness column with the Reserve Bank of Fiji. Last month we talked about investing and why you should invest. This month […]
February 1, 2010
Recently, the Reserve Bank of Fiji announced that foreign reserves would be recorded under a new definition. The Governor of the RBF, Mr Savenaca Narube, said […]
January 31, 2010
Inflation is the general increase in prices of goods and services. As prices go up, the same amount of money buys fewer goods and services. The […]
January 31, 2010
Welcome to the Public Awareness column with the Reserve Bank of Fiji. Over the next few months, we will be publishing a series of articles on […]
January 1, 2010
Crude oil is refined into various products such as unleaded fuel, gasoline, kerosene and lubrications. These products are the major sources of energy that drives the […]