BRIEF-Reserve Bank Of New Zealand Says Outline Options For Cash System Reform

Reserve Bank of New Zealand: * SEEKING FEEDBACK ON ISSUES FACING CASH SYSTEM AND OPTIONS TO KEEP AOTEAROA'S CASH SYSTEM 'FIT FOR PURPOSE'

* CONSULTATION OUTLINES RANGE OF EXTERNAL DRIVERS FACING CASH SYSTEM * CONSULTATION SETS OUT 16 POSSIBLE POLICY RESPONSES THAT COULD HELP DELIVER A FIT FOR PURPOSE CASH SYSTEM

* CONSULTATION SETS OUT 8 POLICIES THAT COULD OPERATE AS COHERENT 'BUNDLE' TO APPROPRIATELY SHAPE INCENTIVES & ADDRESS RESERVE BANK'S OBJECTIVES * PLANS TO RELEASE A SUMMARY OF SUBMISSIONS RECEIVED ON ALL THREE PAPERS AND AN INDICATION OF NEXT STEPS BEFORE THE END OF APRIL 2022

* OPTIONS TO KEEP AOTEAROA'S CASH SYSTEM FIT FOR PURPOSE INCLUDE CONSOLIDATING PUBLIC & PRIVATE CASH SECTOR FUNCTIONS INTO 1/MORE PUBLIC UTILITIES Source text https://www.rbnz.govt.nz/news/2021/11/reserve-bank-outlines-options-for-cash-system-reform Further coverage: