What we have done at the Reserve Bank and will continue to do is to ensure that these fees are clearly disclosed to customers and there are no surprises. FIJICLEAR I am glad to say here this morning that our new electronic payment system called FIJICLEAR is working well and the number of transactions going through it rising.
Today’s seminar is part of a trio of events this week, partly academic and partly for a wider audience in the financial sector. This seminar is for central bankers only, since we wanted to facilitate open and possibly frank discussions, with no any need for official statements. We have also chosen different colour codes for the three events.