Reserve Bank of Vanuatu - Annual Report 2003

In the Foreword to the Reserve Bank of Vanuatu's Annual Report 2003 governor Odo Tevi said the twelve months to December 2003 was a challenging time for the RBV.

"The RBV faced many challenges especially with regard to changes in the international economic conditions that impact on the earnings of the Bank and international requirements to increase banking supervision standards; liquidity issues in the banking system; and the RBV's financing of the Government's deficits via the overdraft facility

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