We are making very good progress in the construction of the Lae Currency Distribution Facility. We are now about to start staff recruitment planning. B. Payment systems. We have transformed our payment system to world standards through the integration of IT systems. These have increased efficiency in the payments, clearing, and settlement systems.
We now have the Real Time Gross Settlements (RTGS) Systems that allow settlements in real time, full automation of the Clearing House, cheques that took more than 7 days to clear can now be cleared in just two days. Direct Credits has given our people convenience to bank at any bank.