RBNZ highlights cash advantages as usage declines
New Zealand central bank aims to protect sectors of society more reliant on cash
The Reserve Bank of New Zealand stresses the advantages cash offers as a means of payment, and the need to protect social sectors that are more dependent on it.
In New Zealand, electronic payments are on the rise, while cash is increasingly used as a store of value rather than for transactions, says the central bank in a study, The future of cash, published today (June 19). The RBNZ announced it is seeking feedback to develop its views on the matter.
In this rapidly changing environment, the
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