The Reserve Bank of New Zealand published the results of a retail central bank digital currency (CBDC) survey that it launched in April. It received 500 detailed responses and 18,000 people took part in a public online survey. Ninety percent of people responding to the online survey had concerns that the government will use the CBDC to monitor or control their spending. While central banks view themselves as the most trustworthy issuers of money, more than 70% of the same group said they did not trust the Reserve Bank to issue digital cash. However, of those that took part in the full consultation, only 36% lack trust.
A more general question asked if the respondents agreed with the reasons for investigating digital cash. Only 16% agreed, with over 80% disagreeing. The reasons the central bank provided were:
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