Reserve Bank ponders digital currency and new rules for new money - a podcast by RNZ

The Reserve Bank is considering creating an official digital currency as well as new rules for new types of money. Just six per cent of New Zealanders rely on cash on a day to day basis, and the central bank says while cash will always exist, it wants New Zealanders have access to money in forms that suit them and their changing needs. It's seeking public input on two issues papers just published. Reserve Bank Assistant Governor Christian Hawkesby says New Zealanders payment preferences are changing rapidly, and new innovations in private money are emerging, which offer both opportunities and threats.

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