The management of forex bureaux and money transfer has also been streamlined with the enactment of the Foreign Exchange Act 2004 which abolished formerly the Exchange Control Act 1964 which was laying in abeyance. Let me take this opportunity to invite those interested in Money Transfer business to come to us for licenses.
One problem that has persisted is the relatively high interest rates and bank charges levied by commercial banks. I will continue to urge the financial institutions for more realistic rates and charges to the customers in order to promote the culture of saving in the country. My policy priorities for the five years that is past remain for the five years to come.