Which institution is the central bank of Fiji and manages the country’s monetary policy?

The Reserve Bank of Fiji is Fiji’s central bank and manages the country’s monetary policy.

Its functions include maintaining price stability, regulating foreign exchange, supervising licensed financial institutions, managing Fiji’s reserves, and issuing currency. The bank also supports a safe and efficient payments system and advises the government on financial matters.

The Reserve Bank of Fiji was established in 1983 under the Reserve Bank of Fiji Act. It succeeded the former Currency Board arrangement and gave Fiji a broader institutional framework for monetary management and banking supervision.

Its headquarters are in Suva. The bank issues the Fijian dollar, which is divided into 100 cents. Although “Bank of Fiji” sounds similar, that name refers to a commercial bank, not the country’s central monetary authority.