RBNZ finds ‘overwhelming’ support for cash

New Zealanders emphasise importance of access to cash, and call for privacy in CBDC


The Reserve Bank of New Zealand (RBNZ) published the results of its public consultation on the future of cash and central bank digital currency (CBDC) on April 29, finding strong support for cash despite its declining use. 

“We are particularly focused on progressing concrete steps to improve resilience and efficiency in the cash system,” said Ian Woolford, head of money and cash at the central bank. At the same time, “no decision” has been made on whether a CBDC is right for New Zealand. 


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