$727m excess fund

Fake Facebook profiles involving the Reserve Bank of Fiji

The Fiji Times, 30 May 2017 – EXCESS liquidity in Fiji’s banking system increased significantly this month, recorded by the Reserve Bank of Fiji at $727.8 million as of last Friday (May 26).

And according to University of the South Pacific (USP) academic Dr Neelesh Gounder, a rise in liquidity could reflect that banks are unable to find eligible borrowers.

Liquidity, simply put, are excess funds that our commercial banks have at the end of each day that have not been lent out to borrowers. Read more…