All licensed commercial banks in Fiji are required to hold a portion of their deposits and similar liabilities with the Reserve Bank.
This requirement is known as the Statutory Reserve Deposit which currently stands at 6 percent.
Governor Savenaca Narube said effective from April 7th, 2009, the SRD requirement will be reduced to 5 percent.
Narube said these measures are being taken to maintain an adequate level of liquidity in Fiji's financial system in the next twelve months.
He said they will continue to monitor the situation closely.
Measure in place for liquidity
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