RBNZ signals interest in central bank digital currency, seeks feedback

Central banks in Malaysia, Australia, Singapore, and South Africa are conducting a cross border payments trial using different CBDCs to assess if this allows transactions to be settled more cheaply and easily

WELLINGTON: New Zealand's central bank said on Thursday that it was seeking input from the public on the potential use of a central bank digital currency (CBDC).

Many countries are exploring the use of CBDCs, which are digital forms of existing currencies. The U.S. Federal Reserve will soon release research examining the costs and benefits of a CBDC, Fed Chair Jerome Powell said last week.