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Monday, June 19, 2006

World Bank-IMF FSAP Assessment of Fiji this year

The Financial Sector Assessment Program (FSAP) assessment done jointly by the World Bank and the International Monetary Fund will be conducted this year after an initial mission visit to Fiji last year. In its 2005 Annual Report, the Reserve Bank of Fiji said that work would intensify with the main visit of the FSAP team scheduled for this year. The comprehensive assessment would help strengthen Fiji's financial system and identify areas where improvement might be required.

In the same report, the Reserve Bank of Fiji said that it will issue F$100 notes from 2007. The decision comes after the Reserve Bank completed a currency review and finalised a new structure and designs for the new note.

For more information, please visit the Reserve Bank's website on http://www.reservebank.gov.fj.

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