The interim government has formallly announced the new governor of the Fiji Reserve Bank as Sada Reddy, the man previously deputy governor.
The confirmation comes as the government devalues the Fiji dollar by 20 per cent.
It follows, too, the sacking, yesterday, of the governor of the Fiji Reserve Bank, Saveneca Narube.
A press statement by the Bank says Mr Reddy has been appointed for three years, effective from today (April the 15th).
The statement says he is highly regarded for his experience in economic and financial policy matterrs.
Sada Reddy was the chair of the Housing Authority for 6 years and is the current chair of the Fiji School of Medicine and deputy chair of the Capital Market Development Authority.
He graduated with a masters from Victoria University in Wellington, New Zealand, and joined the Reserve Bank in 1975.
He was deputy governor for 14 years.