4 Aug 2017

ni-Vanuatu encouraged not to store cash at home

9:47 am on 4 August 2017

The Governor of the Reserve Bank of Vanuatu Simeon Arthy says people should put their cash in the country's commercial banks.

5000 vatu note

Photo: Supplied

Mr Arthy made the statement after reports people in remote parts of Vanuatu often store cash at home, sometimes burying it.

He says if people have concerns about using banks the Reserve Bank is willing to address their issues.

The Reserve Bank last year conducted a survey to gauge opinions of how money is stored, and to draw up a National Financial Inclusion Strategy.

The strategy aims to ensure everyone participates in the country's economy.

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