Future of Cash – Te Moni Anamata – An internal programme research report – December 2019 (PDF 3MB)
The research and analysis presented in this report was undertaken during 2019 as part of the Future of Cash – Te Moni Anamata Programme which is is designed to anticipate and plan for New Zealand’s cash requirements for the next 15 – 20 years. Formal policy work, such as the proposals and public consultations, has been informed by the research reported here. It offers conclusions and hypotheses for information or further exploration as the programme proceeds. Views expressed in this report are the authors, and do not necessarily represent the views of the Reserve Bank. Although published in late 2020, due to COVID-19 reprioritisation of resources, this report’s content pre-dates the pandemic which has caused abrupt changes in payments behaviours including cash demand, use, acceptance, and related services (such banking and Cash-in-Transit industry offerings); as well as contractions of markets (such as tourism and hospitality). The extent to which New Zealand’s COVID-19 experience hastens or entrenches a number of the longer term changes for cash users and other system participants – as well as non-cash payments systems - will become apparent over coming months and a research programme is being established to capture this.
The future of cash in New Zealand - An internal project research report - June 2018 (PDF 2.72MB)
The research and analysis presented in this document was undertaken as part of the first stage of the Future of Cash – Te Moni Anamata programme. It presents the programme’s initial assessment (as at June 2018) of the current state of the Cash System which includes the cash distribution system, the publics’ use of cash in New Zealand, trends in cash use, the impact of payment and currency technology advances and the long-term resilience and efficiency of the cash distribution system. It offers conclusions and hypotheses for information or further exploration as the programme proceeds. The report is based on analysis of information that was either:
provided voluntarily to the Reserve Bank for this project (information provided subject to Non-Disclosure Agreements has not been included)
generated as part of the ‘Cash Use in New Zealand’ public survey, or
stored or generated by the Reserve Bank’s currency operations.
These sources are not routinely cited in this report, as it was written for the Reserve Bank, and not for publication. The views expressed are those of the authors, and do not necessarily represent the views of the Reserve Bank.