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No liquidity crisis: Ali

Local News, News | | | By Monika Singh

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Fiji Revenue and Customs Authority CEO Visvanath Das with Reserve Bank of Fiji governor Ariff Ali during the Fiji Chamber of Commerce and Industry Business Summit 2019 at the Holiday Inn in Suva on Monday, April 15, 2019. Picture: JONACANI LALAKOBAU

THE Reserve Bank of Fiji has the authority to reduce its statutory reserve deposits to zero per cent to allow liquidity to jump from $347 million to more than $1 billion tomorrow if the need arises, says RBF governor Ariff Ali.

Mr Ali reiterated his earlier statement that Fiji does not have  and tried to put to rest any further rumours on the Fijian dollar devaluation.

Speaking at the Fiji Chamber of Commerce and Industry’s 2019 Business Summit yesterday, Mr Ali said it was important for businesses and the general public to understand how the central bank managed liquidity.

*More in tomorrow’s edition of The Fiji Times and on our e-edition. Download The Fiji Times app on Google Play Store and Apple Store for breaking news, sport, business and world updates.

 

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