With electronic payments becoming increasingly popular, a digital euro would ensure that sovereign money – a public good issued by the central bank – remains available in the digital era. In addition, a digital euro could encourage further innovation and digitalisation in retail payments. However, there are also risks.
I will therefore conclude by providing some brief information on a number of recent developments that now prove a more collaborative approach by the Reserve Bank, the insurance industry and development partners in seeking to increase the Fijian insurance industry’s capacity to offer new and innovative products: (i) Inclusive Insurance Bundled Product In March 2015, the Reserve Bank of Fiji, in collaboration with the United Nations Pacific Financial Inclusion Program, embarked on a project to facilitate the expansion of inclusive insurance in Fiji.