Cash loses currency in covid era

Cash loses currency in covid era
Dan Brunskill
The Reserve Bank poured more than half a billion of extra cash into circulation expecting an “unprecedented” demand for physical currency in the lead up to the national lockdown. While it appears that the central bank was preparing for serious disruption to the cash supply during a time of potentially heightened demand, the worst never arrived and many of those banknotes are just waiting to be returned once the pandemic ends. This process may be slowed by already-stretched national logistics networks.  In the week leading up to lockdown,...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025