A campaign by the New Zealand government to put pressure on banks and financial institutions to reduce the cost of sending remittances to the Pacific is meeting some success. That's the claim from the country's Ministry of Pacific Island Affairs. The Ministry's Chief Executive Officer, Doctor Colin Tukuitonga, says the introduction of a scheme where cash deposited in a New Zealand bank account can be accessed through automatic teller machines in the Pacific will see the cost reduced to less than five per cent.
presenter: Bruce Hill.
Speaker: New Zealand Ministry of Pacific Island Affairs CEO, Dr Colin Tukuitonga.
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