Press Release No. : 25/2026
Date : 04 September 2026
Press Release No 25 – Clarification on Dealings in Foreign Currency
The Reserve Bank of Fiji (RBF) wishes to advise the general public of institutions duly licensed to conduct foreign exchange business in Fiji under the Exchange Control Act 1950 (Act).
Licensed Dealers
A list of licensed authorised dealers is available on the RBF website: https://www.rbf.gov.fj/core-functions/financial-stability/licensing/ and is reiterated below:
Commercial Banks
- ANZ Bank
- Bank of Baroda
- BSP Financial Group (Fiji) Pte Limited
- BRED Bank (Fiji) Limited
- HFC Bank
- Westpac Banking Corporation
Restricted Foreign Exchange Dealers
- City Forex (Fiji) Pty Limited
- Exchange & Finance (Fiji) Pty Limited trading as Singapore Exchange
- FEXCO (Fiji) Limited
- Lotus Foreign Exchange Limited
- MH Money Express Limited Fiji
- Real Forex Proprietary (Fiji) Limited
- GCC Exchange Limited
- Vision Fintech Services Pte Limited
Advisory on Unlicensed Operators
The RBF has received information that some retail businesses, hotels, and members of the public are engaging in foreign exchange business without the proper licence. Operating a foreign currency exchange business without a licence is a criminal offence.
While some transactions conducted locally will involve the use of foreign currency to pay for goods and services particularly by tourists, receivers of such foreign currency are prohibited from conducting further foreign exchange transactions or providing money-changing services to other customers.
Hotels and relevant retail businesses may therefore accept foreign currency payments from tourists but must adhere to the following:
- the transaction must relate to the purchase of goods or services;
- any change provided to the customer must be in Fijian dollars; and
- any foreign currency received must be deposited with a commercial bank or sold to a restricted foreign exchange dealer (listed above) within 30 days of receipt.
Members of the public are strongly advised to transact only with licensed dealers listed in this notice. Transactions with unlicensed operators expose individuals to risks including fraud, loss of funds, and lack of legal protection. The RBF will take enforcement action against unauthorized operators in accordance with the Act.
Suspected unlicensed foreign exchange activities or the conduct of other unauthorised financial services can be reported via the RBF’s Confidential Disclosures portal https://www.rbf.gov.fj/confidential-disclosures/.
The RBF remains committed to maintaining the integrity of Fiji’s financial system and protecting the interests of the public.
RESERVE BANK OF FIJI
For further details, please contact: –
Communications Office
Telephone: (679) 3223 381 Email: info@rbf.gov.fj
Mr Mervin Singh – Manager Corporate Communications
Telephone: (679) 3223 229 Email: mervin@rbf.gov.fj