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Tuesday, August 26, 2008

New Zealand soften remittances for Pacific islanders

The New Zealand Government is to make it easier for Pacific islanders in New Zealand to send money home.

Currently the charges for sending money to the region can be up to 25.00% of the amount involved.

Regulatory changes, which may be in force by the end September 2008, could bring charges down to about 7.00%.

New Zealand’s Ministry of Pacific Islands Affairs says sending money to the Pacific is almost five times more expensive than to other regions.

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