The Reserve Bank of New Zealand has extended the deadline for its Keeping Cash Local consultation to 31 July 2026, which seeks public input on local access to withdrawing cash, depositing cash, and swapping cash for low-denomination banknotes and coins. The Bank noted strong engagement so far and emphasised that no decisions have been made. More than 4,700 responses have been received, and additional information has been published to address detailed questions about the proposals’ legal basis to support well-informed submissions. The Bank also flagged that further engagement with banks and other cash industry participants would be needed to work through implementation if any proposal proceeds, informed by consultation feedback and its research, analysis and engagement over the past five years. Accessible versions of the consultation document in NZSL, Braille, Easy Read, Audio and Large Print are expected in May. The Bank also plans to respond to other OIA requests relating to the consultation by 2 June 2026.
Reserve Bank of New Zealand 2026-04-23
Reserve Bank of New Zealand extends Keeping Cash Local cash-access consultation to 31 July 2026 and publishes further legal basis information
The Reserve Bank of New Zealand has extended its Keeping Cash Local consultation on local cash access, noting strong engagement and that no decisions have been made. It has received more than 4,700 responses, published additional information on the proposals’ legal basis, and signalled further engagement with banks and cash industry participants on potential implementation.