$18.1b assets

Fake Facebook profiles involving the Reserve Bank of Fiji

The Fiji Times, 02 October 2017 – FIJI’S financial system is sound with gross assets at $18.1 billion, which is almost twice the nominal gross domestic product, says Reserve Bank of Fiji governor Ariff Ali.

Mr Ali made the statement after the central bank provided a certified auditor’s copy of the bank’s financial statements along with its operations report for the year ended July 31, 2017 to Minister for Economy and Attorney-General Aiyaz Sayed-Khaiyum.

In a statement from RBF Mr Ali also highlighted that the bank achieved its key objectives of low inflation and maintaining an adequate level of foreign reserves. Read more…