Hedging transactions and arrangements

(1) The Minister may, on behalf of the State, enter into a hedging transaction or hedging arrangement, for the purpose of avoiding or reducing the effect of currency or interest rate fluctuations, on such terms and conditions as the Minister thinks fit and whether within or outside the Fiji Islands.

(2) A transaction or arrangement of a kind referred to in subsection (1) must not be entered into unless a debt management policy is prescribed by the regulations and the transaction or arrangement complies with that policy.

(Financial Management Act 2004 s(60))