The Fiji Hotel and Tourism Association welcomed the Reserve Bank of Fiji’s recent approval of further relaxation of exchange controls, effective from June 1, 2023.

According to the RBF, the changes are in line with the current strong performance of the Fijian economy and its favourable growth prospects moving forward.

“The announcement will no doubt be welcomed by businesses regardless of industry, as they are expected to improve operational efficiency with overseas transactions, and is a positive step in the right direction towards the Ease of Doing Business in Fiji,” said Fantasha Lockington, FHTA chief executive officer.

FHTA acknowledges the RBF’s role in managing how exchange controls are progressively changed with economic and financial reforms.

Ms Lockington said changes would positively impact the industry and investor confidence to promote further growth and development.

Source: Fiji Hotel and Tourism Association

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