No liquidity crisis: Ali
THE Reserve Bank of Fiji has the authority to reduce its statutory reserve deposits to zero per cent to allow liquidity to jump from $347 million to more than $1 billion tomorrow if the need arises, says RBF governor Ariff Ali.
Mr Ali reiterated his earlier statement that Fiji does not have and tried to put to rest any further rumours on the Fijian dollar devaluation.
Speaking at the Fiji Chamber of Commerce and Industry’s 2019 Business Summit yesterday, Mr Ali said it was important for businesses and the general public to understand how the central bank managed liquidity.
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