The Reserve Bank's opened consultation on the possibility of a government-backed digital currency. 

The central bank is currently researching such an option. 

It would be used alongside physical cash. 

Director of Money and Cash Ian Woolford told Mike Hosking their view is that there's not enough innovation and efficiency in the financial system. 

He says they hope a central bank digital cash will spur this.

LISTEN ABOVE

The Reserve Bank's opened consultation on the possibility of a government-backed digital currency.  
The central bank is currently researching such an option.  
It would be used alongside physical cash.  
Director of Money and Cash Ian Woolford told Mike Hosking their view is that there's not enough innovation and efficiency in the financial system.  
He says they hope a central bank digital cash will spur this. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...