Fiji will eliminate cheques from 2024
Governor says improved RTGS will replace paper payments
The governor of the Reserve Bank of Fiji says the country will phase out cheque processing from 2024, public broadcaster FBC reported on September 8.
The FBC quoted governor Ariff Ali saying that the central bank will introduce a central securities depository and an improved wholesale payments system. “Once we launch the CSD and the real gross settlement system, something we’re working on is by 2024 there’ll be no cheques basically,” Ali said.
The current RTGS, called Fijiclear, began
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