Central Banking

RBNZ triggers contingency plans as earthquake strikes


The Reserve Bank of New Zealand (RBNZ) is working closely with banks and cash-in-transit companies to ensure people and businesses affected by yesterday's earthquake in Christchurch have sufficient access to cash, the central bank said on Wednesday.

Alan Bollard, the governor of the RBNZ, said that as part of the recovery effort the central bank was working with the private sector to ensure the availability of cash. "The Reserve Bank is ready and able to supply any cash required by banks. We ha

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