RBNZ launches CBDC pilot project
Governor says central bank must maintain legitimacy by “responding to the needs of the public”
Adrian Orr confirmed today (February 8) that the Reserve Bank of New Zealand will soon begin work on a proof-of-concept central bank digital currency (CBDC).
The RBNZ governor highlighted the important “public role” that central bank money plays in society during remarks to a conference in Wellington. He said the central bank must maintain its legitimacy by “responding to the needs of the public”, including, potentially, by issuing CBDC.
Orr cited research by the Bank for International
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com