The Reserve Bank of Fiji has transferred $33.03 million into the government coffers after recording an increase in profits for 2008.
RBF Governor and Board Chairman Savenaca Narube confirmed the money includes $2.57 million which represents one fifth of the Revaluation reserve.
The RBF recorded a profit of $20.37 million in 2007 and Narube said the level of profit for 2008 was a direct result of the higher interest rates abroad through to the third quater of last year.
He said the average level of foreign reserves was also higher during most of 2008 than in 2007, however by the end of last year foreign reserves had fallen to $761.4 million compared to $958.7 million at the end of 2007.
The RBF's audited accounts and operational report has also been handed to the Minister of Finance.
RBF transfers millions into govt coffers
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