RBNZ eyes its own digital currency
Central bank launches strategic review of cash system as people use cash less, but store more cash, and banks close ATMs and branches; RBNZ also looking at issuing its own digital currency
The Reserve Bank has announced a full strategic review of New Zealand’s cash system, including a closer look at creating its own central-bank-issued digital currency (CBDC) to head off the likes of Facebook’s Libra and increase its monetary policy power.
Assistant Governor Christian Hawkesby gave a speech to the annual Royal Numismatic Society Conference…
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