RBNZ seeks views on design of ‘digital cash’

New Zealand central bank continues proof-of-concept work on “private and secure” CBDC

Photo: Rachael King

The Reserve Bank of New Zealand has opened a public consultation on the design of a possible central bank digital currency, or CBDC, called ‘digital cash’.

If New Zealand’s government decided to issue it, digital cash would be an electronic version of physical cash, released by the central bank, backed by the government and available to the public. The central bank said it would not replace physical cash.

In its latest consultation paper, the RBNZ said it would not provide digital cash services

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