Further exchange control relaxations effective August 1 2018

In his national budget address on June 28, the Minister for Economy, Aiyaz Sayed-Khaiyum, announced further relaxations of exchange controls.

These changes were approved by the board of the Reserve Bank of Fiji and in line with the positive outlook for growth and foreign reserves.

The changes include new and increased delegations to the commercial banks and foreign exchange dealers.

The continued easing of exchange controls is expected to boost current investor optimism in the economy.

The table below provides more details of the exchange control changes that will come into effect from August 1, 2018.