Most New Zealanders are still keen on using physical cash, a new Reserve Bank consultation has found. 

Their online survey drew in over 18,000 respondents, with many worried digital money would replace banknotes and coins.

The central bank's Director of Money and Cash, Ian Woolford, says people are worried about privacy and control when it comes to money.

"It's a personal choice - money is quite a personal thing and it's quite natural for people to have concerns about people monitoring their use."

LISTEN ABOVE

Most New Zealanders are still keen on using physical cash, a new Reserve Bank consultation has found.&nbsp;
Their online survey drew in over 18,000 respondents, with many worried digital money would replace banknotes and coins.
The central bank's Director of Money and Cash, Ian Woolford, says people are worried about privacy and control when it comes to money.
"It's a personal choice - money is quite a personal thing and it's quite natural for people to have concerns about people monitoring their use."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Ian Woolford: Reserve Bank Director of Money and Cash on Kiwis staying keen on physical money

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/abcc7540-55b9-4acc-b1b2-b242006d2bf7/transcript