Investment Fiji : How much advance payment can commercial banks allow without Exchange Control approval?

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Investment Fiji was formed as a statutory organisation by the Economic Development Board (EDB) Act No 11 of 1980 to promote, stimulate and facilitate the exports and investment. Though the Fiji Investment is the investment and trade promotion agency of the Government, it operates independently and has a Board comprising mostly of private sector representatives.

How much advance payment can commercial banks allow without Exchange Control approval?

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The current limit delegated to commercial banks is $20,000 per invoice. Any application in excess of this amount will be referred to the Reserve Bank for approval.

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