Includes how foreign exchange is managed and implications for U.S. business;
Last Published: 8/5/2019

Exchange control is administered by the Reserve Bank of Fiji through the Exchange Control Act and subsidiary legislation.  Areas affected by exchange control include transactions in foreign currency, transfer of currency into and out of Fiji, transfer of property and securities out of Fiji, export and import transactions, and issue of shares or capital in locally registered companies to foreign investors.

Investments from outside Fiji, overseas equity, loan investment into Fiji, and the flow of funds arising from commercial and private transactions into and out of Fiji are subject to exchange controls.

All commercial banks operating in Fiji, along with non-bank financial institutions, act as agents of the Reserve Bank in matters affected by the Exchange Control Act.  Limited authority has been delegated to the commercial banks.  The Reserve Bank maintains tight exchange controls on non-resident borrowing.  The exchange control policy guidelines and delegated limits for authorized dealers can be found on the Reserve Bank of Fiji’s website.
 

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