RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry
The Reserve Bank of New Zealand is building new capabilities to allow it to take on a new role as “steward of the cash system”.
According to remarks made by assistant governor Christian Hawkesby, access to cash in the country fell by 2% between 2018 and 2019, a trend that has been exacerbated by the Covid-19 pandemic.
“Going forward, our role as steward of cash requires us to build a strategy for the future of currency in New Zealand,” he said. “We are deepening our policy and analytical
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