The Reserve Bank of New Zealand announced a public consultation about a potential retail central bank digital currency (CBDC) and published a report on the topic.
As with many other central banks, it says it is not planning to issue a CBDC in the near future but wants to be prepared if the need arises. It also isn’t looking to replace cash.
“We want people to know that the case for keeping cash is well understood and accepted by the Reserve Bank. Cash is here to stay for as long as some of us need it,” said Assistant Governor Christian Hawkesby.
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