Posted inPacific News

NZ and Australia plan to lower remittances costs in Pacific

WELLINGTON, 09 SEPTEMBER 2019 (RNZ PACIFIC) —New Zealand is in talks with Australia to lower hefty money transfer fees in several Pacific Island countries, as “stubbornly high” costs strain the region’s economies and hamper UN targets. Remittances are a key source of earnings for many Pacific families who have relatives working abroad and the intervention […]