“We are calling this ’digital cash’. It would be a new type of money in addition to thebanknotes and coins we have today, and the electronic money in your bank account,” Director of Money and Cash – Tari Moni Whai Take Ian Woolford says. “Digital cash would ensure that central bank money is available to all New Zealanders and able to be used digitally. It would also help enable a money and payments system that is innovative, competitive and contributes to the development of New Zealand’s digitaleconomy. “It would be the first digital form of New Zealand currency backed by the government and available to the public. ... (full story)