Descriptions
Responding to the diminishing use of physical cash, the RBNZ is currently engaged in a multi-stage consultation process to gather public feedback on the potential introduction of a government-backed digital currency in New Zealand. This digital currency would complement physical cash and private money, offering the public an additional means of purchasing goods and services.
Since 2021, the RBNZ has actively sought public input regarding the potential implementation of a central bank digital currency (CBDC), or digital cash.
During this webinar, you'll gain invaluable insights into the progress of RBNZ's digital cash consultation work. Led by esteemed experts from the RBNZ, this session will delve into the intricacies of digital cash, the consultation process, and the lessons learned thus far.
Key topics to be covered include:
1. Understanding digital cash: Explore the concept of CBDC, its implications, and its potential impact on the financial landscape.
2. Consultation Process: Learn about the RBNZ's approach to gathering public feedback on digital cash, including the objectives driving the consultation and the input sought from stakeholders.
3. Lessons Learned: Gain insights into the insights gathered from previous consultations, including public concerns, areas of interest, and potential opportunities for innovation.
4. Future Directions: Discover the next steps in the RBNZ's journey towards potentially implementing digital cash in New Zealand and how you can contribute to shaping its development.
