Children in the Cook Islands have received US$78 in bond certificates from the government in an effort to encourage them to save and invest for the future.
The Jubilee Jumpstart savings bond programme was launched on Wednesday at a presentation to Avarua primary school students.
As part of the 50th anniversary celebrations, the government and the Bank of the Cook Islands are providing the certificates to every year 1 to year 6 student enrolled in the country this August.
The interest over five years means each child will be entitled to collect US$97 in 2020.
Source:
Radio New Zealand International