RBF makes strong presentation

September 12, 2016

FIJI still needed to do more, says former central bank governor Savenaca Narube.

Mr Narube was at the AFI Global Policy Forum on Denarau Island in Nadi.

“Especially in the Fijian context, to go out into the rural areas and villages and try to change their mind-set, not only for them to be included in financial services and to be banked but to try and save,” he said.

Mr Narube said it was very hard for indigenous Fijians in the rural setting to save, taking into account the traditional obligations they faced each day.

“This is where we need a change in mind-set,” Mr Narube said.

The Reserve Bank of Fiji made a strong presentation highlighting Fiji’s achievements in its financial inclusion journey which began back in 2008.

RBF’s manager corporate communications, Melvin Singh, said these goals included taking financial inclusion to 64 per cent of the adult population, improving and growing consumer protection awareness, reaching the unbanked 150,000 Fijians targeted, introducing and improving mobile money usage and financial education embedded into the school curriculum.

He also said in 2013 RBF was awarded the inaugural Maya Declaration Award at the fifth AFI Global Policy Forum held in Kuala Lumpur, Malaysia.