Reserve Bank - What's the future for cash in New Zealand?
Time & Location
About The Event
A Reserve Bank team
will be in Tauranga in July seeking the experiences, views and
insights of different groups of people on the changing role and future of cash
– and they're keen to hear from Chamber members on the topic. You're
invited to hear about and discuss the cash landscape with other members and the
The Bank's concerned that if cash becomes less accepted and
available as a means of payment, then New Zealanders who are already left out
of the banking or digital worlds may be severely disadvantaged.
prospect is one of five key issues in a paper on the Future of Cash Use
published by the Bank to its website on 19 June. "We see these issues as
being about less cash, and not becoming cashless," said Reserve Bank Governor
Adrian Orr. "There's the real possibility of a contraction in the cash system
which could end up affecting lives. We think New Zealand should be making
conscious decisions about the future of cash so that we can be prepared for
future innovations, and ensure that sectors of society are not unfairly
disadvantaged because cash falls out of favour,"
Read more and click through
the ... https://www.rbnz.govt.nz/news/2019/06/whats-the-future-for-cash-in-new-zealand