Chew (left) witnessing the handover of Project Greenback 2.0 by World Bank Group country manager for Malaysia Faris Hadad-Zervos (second from left) to Kota Kinabalu City Hall director-general Datuk Joannes Solidau (right) while Johor Baru mayor Amran A. Rahim (second from right) looks on.
JOHOR BARU: The average cost of remitting funds in Johor Baru has been brought down to 2% from 3.3% over the past two years under a joint effort by the World Bank and Bank Negara Malaysia.
Bank Negara assistant governor Jessica Chew Cheng Lian said the 2% average cost was well below the target set by the United Nations Sustainable Development Goals of 3% by 2030.
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