Summary
New Zealand is considering issuing a CBDC denominated in New Zealand dollars but has not made a decision yet. The process is multi-stage and multi-year, and the digital currency would be swappable 1:1 with physical cash and available 24/7.
Key Points
1. New Zealand’s CBDC is undergoing a multi-stage and multi-year process.
2. The country has not yet decided to issue a CBDC.
3. The CBDC would be denominated in New Zealand dollars, swappable 1:1 with physical cash, and available 24/7.