Alternate formats consultation for digital cash in New Zealand

Central bank money, in the form of cash and reserves, plays an important role in making sure the New Zealand dollar is New Zealand’s primary currency. This is called the ‘value anchor’ role.

Cash allows everyone to participate in society because you can use it anywhere, anytime to make payments.

But, people are using cash less, and the role of central bank money in New Zealand as a value anchor is under threat.

We're looking into digital cash because:

• we think New Zealand’s money should innovate to stay relevant and useful

• we want to you to maintain trust in money to protect our financial system.