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."

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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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/46f52fb4-a9b2-4dcf-b1fc-b242006d20c0/transcript