PETER GRIFFIN: Time to do the prep work for our own digital currency

PETER GRIFFIN: Time to do the prep work for our own digital currency
Peter Griffin
The Reserve Bank’s move to appoint a ‘head of money and cash’ shows it is getting serious about planning for the future of money and the possibility of a digital kiwi dollar. The Reserve Bank has been fairly tepid on the idea of introducing a central bank digital currency (CBDC) to date and for good reason. Our financial system works well. The ‘big four’ banks may wear up to $4.7 billion in covid-19-related losses but they are well-placed to weather the economic fallout. Cryptocurrencies such as Bitcoin, which emerged in 2009 in the wake...

More Finance

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.