RBNZ to begin work on developing a digital currency

Tue, 08 Feb 2022

The Reserve Bank is starting proof-of-concept design work on a central bank digital currency (CBDC) which will take into account public feedback received from recent consultation on the future of money, governor Adrian Orr told a conference of angel investors in Wellington."We must decide how best to use digital technology to modernise central bank money while we continue to ensure cash remains an option for those who need it," Orr told the conference."An innovative approach is needed to support a more efficient and resilient cas...

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