New Zealand's central bank explores "digital cash"

WELLINGTON, April 17 (Xinhua) -- The Reserve Bank of New Zealand (RBNZ) is exploring a central bank digital currency, which will help enable a money and payments system that is innovative, competitive and contributes to the development of the country's digital economy.

The "digital cash" would be a new type of money in addition to banknotes, coins and electronic money in people's bank accounts, RBNZ Director of