Right on the money

Category: Basic Money Management Published: Friday, 03 April 2015 Written by Admin

TWO students from Western Division schools were judged best entries from a total of 224 essays in the Reserve Bank of Fijis Be Money Wise competition.

Sakshi Prayatna from Lautoka Andhra Sangam College scooped the top prize and Divneeta Divya Devi of Tavua College was judged second in the competition which was launched during the 2014 school holidays.

The duo said they learnt a lot about capital markets in the country and were thrilled to receive long-term investments which would go a long way towards helping them achieve future goals.

Ms Prayatna won $100 cash and $600 worth of units in Fijian Holdings Unit Trust and Unit Trust of Fiji.

While presenting the awards last week, Reserve Bank governor Barry Whiteside said it was good to note that many students appreciated the importance of saving towards future goals.

It was also great to note that students are now able to identify with the capital markets. We would like to see this improve in the future and thank the Ministry of Education for teaching children the basic money management skills, including saving and investing.

Out of 224 entries, 165 were from the Western Division, 50 from the Central Division, eight from the Northern Division and one from the Eastern Division.

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