RBNZ looks to bolster capabilities as ‘steward’ of the cash system

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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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