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Monday, September 08, 2008

Reserve Bank relaxes policy on payments for imports

The Reserve Bank of Fiji announced some relaxations on its policy on prepayments for imports of F$50,000.00 and over, with effect from Monday, 8 September, 2008.

Importers can make payments directly through their commercial bank or authorised dealer, without prior approval from the Reserve Bank.

With these changes the Governor, Savenaca Narube, explains that the gradual recovery in the economy and a more positive outlook has allowed the Reserve Bank to gradually relax policies.

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