"Leading Fiji to Economic Sucess"

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Advance Meeting

May 29, 2020

  • May 2020 Economic Review
  • Monthly Chartbook and Statistical Annex
  • Press Release on Board Meeting

EXPLANATORY NOTES

The Economic Review is published monthly. It is usually available during the first week of the month. The document includes a brief commentary on the Fiji economy covering different sectors of the economy. The statistical section mainly covers aggregate monthly data on the financial sector – money and credit, consumer prices, foreign reserves, liquidity, interest rates, exchange rates and commodity prices. Data on sectoral performances for the real sector (tourism arrivals, production of sugar, cane, cement, mahogany, woodchips, and electricity) is also available. Updates to the figures are available on request. Exchange rate data is available daily on the Bank’s website www.rbf.gov.fj and is posted on the home page. The data is also available on request.

The Economic Review is also posted on the Bank’s website and Facebook page. The Quarterly Review has commentaries on the international economy and Fiji. The press releases and policy announcements made during the quarter are also published in the Review. The Statistical Annex includes annual, quarterly and monthly data relating to financial conditions, output, government, prices, wages and employment, banking and external sectors. There are 62 tables in the Annex. A cash based version of the Balance of Payments, derived from exchange control records reported by commercial banks and authorised foreign exchange dealers is included. This data is available in advance of, and is a leading indicator of, official accruals based Balance of Payments Accounts for Fiji complied and published by the Fiji Bureau of Statistics. Annual key disclosure statements of commercial banks and credit institutions are also included in the Annex. Key Financial Inclusion Indicators has been included from the June 2014 Quarterly Review. A table on Complaints Management for Licensed Financial Institutions was included from the December 2016 Quarterly Review. The Quarterly Review is a quarterly publication and information is presented in March, June, September and December per calendar year. The Statistical Annex is updated monthly and is posted on the home page of the Bank’s website. The Quarterly Review is also posted on the Bank’s website and Facebook page.

The Reserve Bank of Fiji Annual Report covers an economic overview of the international and domestic economy, developments in the Bank during the financial year (August – July) and contains the Bank’s audited financial statements for the same period. The statistical component of the Report covers annual aggregate data on output, labour market, inflation, government finance, external trade, foreign exchange reserve, money and credit, interest rates and exchange rates. Revisions to the data are available in the Quarterly Review and upon request. The Annual Report is posted on the Bank’s website on the day that the Report is tabled in Parliament. The audited financial statements are posted on the website in the first week of October.

The Reserve Bank of Fiji Insurance Annual Report contains a brief overview of the international economy and Fiji as well as its associated insurance markets. The

commentary based on the calendar year also includes supervisory aspects of insurance, general and life insurance and insurance brokers. The Statistical Annex covers data on general and life insurance and insurance brokers on annual basis. The list of licensed insurance agents is also disclosed. This Report has the same coverage for economic data as the Annual Report. This Report also covers key insurance indicators on an annual basis and is available on the Bank’s website and Facebook page on the day that it is tabled in Parliament.

The Fiji Financial Intelligence Unit’s Annual Report covers the work of the FIU during the calendar year. It includes issues and statistics relating to money laundering activities, compliance with global standards on anti-money laundering and combating terrorist financing as well as press releases issued during the calendar year. This Report is available from www.fijifiu.gov.fj and the Bank’s website on the day that it is tabled in Parliament.

The Financial Inclusion Annual Report covers financial inclusion activities during the calendar year. This Report gives an overview of NFIT, its key milestones and priorities for the next five years. It reflects on key achievements and progress of the NFIT since its inception. It also showcases the National Microfinance Awards Winners. The Report is available from www.nfit.com.fj and the Bank’s website.

The Chartbook and Statistical Annex is disseminated monthly on the Bank’s website. It is posted on the home page of the website. It contains monthly updates to the tables in the statistical section of the Quarterly Review. There are also charts of economic indicators.

The publications are available for a fee and may be obtained from the Reserve Bank of Fiji, Pratt Street, Suva, Fiji on the date of release.

The publications are posted on the Bank’s website www.rbf.gov.fj and Facebook page as soon as practicable.

The advance calendar shows the expected dates for Bank publication. While publications are usually issued on the advertised dates, in some circumstances releases may be rescheduled.

For further enquires relating to publications or subscription rates, please contact: – info@rbf.gov.fj

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Date:
May 29, 2020
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