New Zealand CBDC
Proof of conceptNew Zealand
Central Bank(s)
Reserve Bank of New Zealand
Announcement Year
2020
Status
Proof of concept
Retail/Wholesale
Retail
The motivation for a Central Bank Digital Currency is to help address some of the downsides of reducing physical cash use.
Reserve Bank of New Zealand has assured subsequent papers will look at the potential for a Central Bank Digital Currency (CBDC)
Link to announcement
Link to whitepaper
Last update: December 2024
December 2024
Link to announcement: www.rbnz.govt.nz
February 2022
Research → Proof of concept
Link to announcement: www.rbnz.govt.nz
July 2021
Cancelled → Research
Main motivation/goals of the CBDC: The motivation for a Central Bank Digital Currency is to help address some of the downsides of reducing physical cash use.
Link to whitepaper: www.rbnz.govt.nz
Description: Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. → Reserve Bank of New Zealand has assured subsequent papers will look at the potential for a Central Bank Digital Currency (CBDC)
Link to announcement: www.rbnz.govt.nz
October 2020
None → Cancelled
Announcement Year: 2020
Retail/Wholesale: Retail
Description: Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive.
Link to announcement: cointelegraph.com
Country / Region: New Zealand
Central Bank(s): Reserve Bank of New Zealand
No recent news found for this currency.