12,000 Fijians save money through MoneyMinded program

Source: Xinhua| 2019-10-08 17:10:04|Editor: Yurou
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SUVA, Oct. 8 (Xinhua) -- Around 12,000 Fijians have taken part in the MoneyMinded program since it was first launched in Fiji in 2010.

Speaking at the launch of an independent report on the financial education program by Melbourne's RMIT University, Governor of the Reserve Bank of Fiji Ariff Ali said Tuesday the MoneyMinded program has played a positive role in changing the saving mindset of Fijians.

ANZ Fiji Country Head Saud Minam also said Tuesday the MoneyMinded program supports the Fijian government and Reserve Bank of Fiji's National Financial Inclusion Taskforce to improve financial inclusion rates and financial capabilities of Fijians.

According to the report, 94 percent of people that participated in the ANZ MoneyMinded financial education program are now able to save a minimum of 290 Fijian dollars (about 131 U.S dollars) on a monthly basis.

The report also found that 95 percent of the participants were able to provide for their families and 93 percent were less stressed about their future.

It was also found that 94 percent of people now have a saving habit.

MoneyMinded is an education program that builds knowledge and confidence to help people make informed decisions about how to manage money. With easy access to online training activities and tools, people can learn at their own pace.