27 Dec 2013

New Caledonia trims bank charges

4:33 pm on 27 December 2013

Bank charges in New Caledonia will fall significantly from next month under an agreement signed this week between the sector and the territory's high commissioner Jean Jacques Brot.

Bank charges in New Caledonia on average are 34 percent higher than in France.

Earlier this year the prices of a number of consumer goods were cut in line with an agreement following a 12-day general strike against the high cost of living.