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List of Central Banks Worldwide

The functions, powers, and responsibilities of the Bank are specified in the Reserve Bank of Fiji Act, 1983.

" The principal purposes of the Bank as stated in Part ll, Section 4
of the Reserve Bank Act are as follows:
To regulate the issue of currency, and the supply,
availability and international exchange of money;
To promote monetary stability;
To promote a sound financial structure; and
To foster credit and exchange conditions conducive to the
orderly and balanced economic development of the country; "
 

The Economics department's main responsibility is to conduct economic analysis and provide advice on the formulation of monetary policy. Some of the key tasks performed by the department are as follows:

Monitoring economic and financial developments and providing advice on appropriate monetary policy settings in Fiji;

Undertaking research and preparing economic forecasts;

Writing and co-ordinating the Bank's publications; and

Co-ordinating economic policy with relevant authorities.

Financial Markets

The Financial Markets department has the primary responsibility for implementing monetary policy, managing Fiji's foreign reserves and providing banking services to the Government. It also handles foreign exchange regulation and control as well as exchange rates. Its key functions include:

Conducting open market operations to achieve operational monetary policy targets;

Managing Fiji's foreign reserves;

Maintaining appropriate exchange rate arrangements;

Acting as a fiscal agent of the Fiji Government and registrar for debt instruments issued by the Fiji Government. This function has also been extended to a number of statutory corporations;

Providing banking services to Government and commercial banks; and

Administering exchange controls to monitor and regulate capital flows through the banking system.

Financial Institutions

The Financial Institutions department's major objective is to maintain a sound market-based financial system through prudential supervision of licensed financial institutions and the insurance industry. Key areas of duties include:

Regularly reviewing international developments in the area of financial system supervision and payment system structure and their impact on the supervisory arrangements in Fiji;

Supervising licensed financial institutions and maintaining confidence by minimising detriments to the interests of depositors and policyholders;

Processing applications for those wishing to become licensed banks, credit institutions, insurers, brokers and agents; and

Ensuring that prudential policies and guidelines are up to date and that licensed institutions conform to these standard requirements.

Currency and Corporate Services

The Currency and Corporate Services department has primary responsibility for currency issue and internal administration of the Bank, including financial reporting and human resources management. Its key areas of work include:

Ensuring availability and supply of good quality currency;

Ensuring that the Bank has a qualified and trained workforce to meet the output requirements;

Providing support services to other departments in the Bank; and

Ensuring that the financial accounts of the Bank are prepared in a timely manner.

Other Activities

The Bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration

The Reserve Bank of Fiji Building is in Suva, Fiji and was Fiji's first skyscraper and the tallest building in Fiji. The fourteen story building was commissioned in the late 1970s and completed in 1984.


List of Offshore Bank

Here are some of the common famous Offshore Zones : Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas, Cayman Islands, Belize, Costa Rica, Panama, Dominica, British Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore, Hong Kong, and Cook Islands. These places are notoriously called ' Tax havens of the World ' because they offer significant tax benefits like no income taxes, no estate taxes, no capital gains, excellent interest rates for investments, direct access to stock markets. Switzerland is the undisputed leader in offshore. 

Nevertheless, privacy is a biggest attraction in these 'Tax Free Zones' of the world.

We make offshore bank account setup easy: Just a copy of your passport "legalized" or ID required.

Bank of Albania - Bank of Algeria - Bank of Argentina - Bank of Armenia - Bank of Aruba - Bank of Australia - Bank of Austrian - Bank of Azerbaijan - Bank of Bahamas - Bank of Bahrain - Bank of Bangladesh - Bank of Barbados - Bank of Belarus - Bank of Belgium - Bank of Belize - Bank of Bermuda - Bank of Bhutan - Bank of Benin - Bank of Bolivia - Bank of Bosnia - Bank of Botswana - Bank of Brazil - Bank of Bulgaria - Bank of Burkina Faso - Bank of Cameroon - Bank of  Canada - Bank of Cayman Islands - Bank of Central African Republic - Bank of Chad - Bank of Chile - Bank of China - Bank of Colombia - Bank of Congo -Bank of Costa Rica - Bank of Côte d'Ivoire - Bank of Croatia - Bank of Cuba - Bank of Cyprus - Bank of Czech Republic - Denmark - Bank of Dominican Republic - East Caribbean area - Ecuador - Egypt - El Salvador - Equatorial Guinea - Estonia - Ethiopia - European Union - Fiji - Finland - France - Gabon - Georgia -