Read our issues paper
We are asking for feedback on our issues paper: The Future of Money — Private Innovation (Te Moni Anamata — Te Auahatanga). Consultation is open from 7 December 2022 to 3 April 2023.
How to have your say
This page outlines our work as steward of the money and cash system.
This role involves ensuring that the money we issue as a central bank continues to enjoy trust and confidence, and promotes financial and social inclusion. It also involves ensuring New Zealanders have access to money in forms that meet their changing needs and considers issues relating to innovation in money and payments, including the potential for a central bank digital currency.
Money and Cash Policy Manager Robbie Taylor and Senior Policy Analyst JC Somers explain why we are consulting on a proposed approach to the opportunities and challenges from new forms of private money such as cryptoassets, including stablecoins.
We want to hear what you think about the issues which private innovation might raise for the Future of Money – Te Moni Anamata in Aotearoa New Zealand.
We are asking for feedback on our issues paper: The Future of Money — Private Innovation (Te Moni Anamata — Te Auahatanga). Consultation is open from 7 December 2022 to 3 April 2023.
How to have your sayRead about our previous consultations on stewardship of money and cash, central bank digital currency, and cash system redesign.
In September 2021, the Reserve Bank of New Zealand – Te Pūtea Matua initiated a comprehensive public consultation, The Future of Money – Te Moni Anamata – building on an earlier cash-focused work programme.
The first two papers, published in September 2021, explored the stewardship role of the Reserve Bank in relation to money and cash, and the issues and a proposed approach to developing a Central Bank Digital Currency (CBDC). The third paper was published in November 2021, and it set out issues and high-level options available for redesigning the cash system.
Submissions on the first two papers closed on 6 December 2021, and on 7 March 2022 for the third paper.
Future of Money – Stewardship | Te Moni Anamata - Kaitiakitanga
Future of Money – Central Bank Digital Currency | Te Moni Anamata – Aparangi ā Te Pūtea Matua
Future of Money – Cash System Redesign | Te Moni Anamata – He Whakahou i te Pūnaha Moni
The three consultations were published early in a multi-year work programme that will include further public consultation as options are narrowed and critical decision points near. A significant amount of work remains to be done on policy development:
Overall, the high level of engagement from members of the public indicates that New Zealanders care deeply about the future of money. The valuable insights gathered through the recent consultations will help us prioritise and plan what will be a complex, comprehensive future work programme. This document summarises the key themes in the feedback received.
Read the Future of Money | Te Moni Anamata – Summary of responses to our 2021 issues papers (PDF 1.3MB)
Read the public responses to our 2021 issues papers