RBNZ and its plans for a digital currency

The author has always been keen on a cheap crayfish. (Image: Getty)

Mon, 14 Feb 2022

Day-to-day life becomes difficult when a country's money system becomes dysfunctional.But people manage and muddle through.I got a first-hand lesson in what that's like when I was living in Athens in 1980 and the Greek banks went on strike for six weeks.That was before electronic banking, of course, and when people ran out of cash, they engaged in complicated round robins of tallying up how much they owed each other, the amounts to be settled whenever the banks reopened.Maybe because I was newly arrived in Greece and such a strike was s...

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