MARKET REGULATION: ROLE OF THE RBF AND CONTROLLABLE EXCHANGE OF CONTENTS- Objectives- Introduction- Literature Review- What does the Reserve Bank do? Analysis and Interpretation:- Financial System Oversight Objectives - What constitutes the Fiji financial system? - The Reserve Bank's approach to regulating and supervising the financial system. - Exchange Control - Concluding Remarks - References OBJECTIVES The objective of this research paper is: • To find out the role of RBF in regulating the Fiji financial system by focusing on the Fiji Financial Intelligence Unit. • Find out how these regulations help fight money laundering. • What controls has RBF placed regarding the exchange Control.• Provide recommendations, if any.INTRODUCTIONThe Reserve Bank of Fiji is the central bank of our country. The Reserve Bank was established in 1984 and was supposed to administer the money supply, foreign exchange reserves, oversee the commercial banking system and other economic issues to be addressed. RBF functions as a bank bank and is also a bank for the government. It supervises the inflow and regulates the outflow of foreign capital and also supervises the activities of Fiji's insurance sector. All of the above tasks of the RBF and how those tasks are carried out constitute Fiji's monetary policy. Below are the statutory responsibilities of the RBF. The functions, powers and responsibilities of the Bank are set out in the Reserve Bank of Fiji Act, 1983.• To regulate the issue of currency, the supply, availability and international exchange of money;• To promote monetary stability;• To promote a solid financial structure; and• To facilitate favorable credit and exchange conditions of a prudent nature, the authorities should regulate and supervise the foreign exchange market with the aim of promoting international investor confidence and market discipline, provided that such authorities have the resources and the necessary information on evolving markets. Otherwise, the macroeconomic cost of official currency controls will be the country's continued inability to capitalize on economic globalization to strengthen the economic well-being of the general public. REFERENCES Capital Markets Development Authority Act, (1996) Exchange Control Act Rev. (1985) Financial Transactions Reporting Act (2004) Financial Transactions Reporting Regulations (2007) Samarasiri, P. (2008) ). Liberalization of exchange control. Sri Lanka. Reserve Bank of Fiji Act, (1983) Banking Act (1995) Insurance Act (1998)