RBNZ may gain new powers to protect access to cash

Consultation proposes more active role for central bank; regulations could mandate access to cash

New Zealand dollar banknotes
New Zealand dollar banknotes

The Reserve Bank of New Zealand is calling for new powers that would give it a more active role in overseeing the cash system, and could see it issue regulations to protect access to cash.

Like many advanced economies, New Zealand is facing declining cash use across the population in aggregate, but reliance on cash remains high in some groups. The homeless, disabled, elderly and convicted criminals all have a greater reliance on cash. The RBNZ says cash is also particularly important for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account