ISSUE
Friday, August 15, 2025
Volume 16 . Issue 72
Suva: The Reserve Bank of Fiji (RBF) has increased the statutory reserve deposit requirement for commercial banks to 8.5 percent.
The RBF approved the measure at its meeting on April 21.
“All licensed commercial banks in Fiji are required under Section 40 of the Reserve Bank Act to hold a proportion of their deposits and similar liabilities with the Reserve Bank. This requirement is known as the Statutory Reserve Deposit (SRD),” the central bank said.
“The SRD currently stands at seven percent. Effective from June 7, the SRD requirement will be increased to 8.5 percent.”
The statement said the RBF will continue to monitor the situation closely and introduce further measures when necessary.
Suva: The Reserve Bank of Fiji (RBF) has increased the statutory reserve deposit requirement for commercial banks to 8.5 percent. The RBF approved the measure at its meeting on April 21. “All licensed commercial banks in Fiji are required under Section 40 of the Reserve Bank Act to hold a...
Suva: The Reserve Bank of Fiji (RBF) has increased the statutory reserve deposit requirement for commercial banks to 8.5 percent.
The RBF approved the measure at its meeting on April 21.
“All licensed commercial banks in Fiji are required under Section 40 of the Reserve Bank Act to hold a proportion of their deposits and similar liabilities with the Reserve Bank. This requirement is known as the Statutory Reserve Deposit (SRD),” the central bank said.
“The SRD currently stands at seven percent. Effective from June 7, the SRD requirement will be increased to 8.5 percent.”
The statement said the RBF will continue to monitor the situation closely and introduce further measures when necessary.
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