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Lincoln Return This Week:
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New Zealand’s money and cash system is at a “cross road” and innovation is necessary to build a sustainable future, Adrian Orr, Governor of the Reserve Bank of New Zealand – Te Pūtea Matua told a conference of Angel Investors in Wellington today. “We must decide how best to use of digital technology to modernize central bank money, while we continue to ensure cash remains an option for those who need it. An innovative approach is needed to support a more efficient and resilient cash system, and the changes required are potentially far reaching,” Mr Orr said. The Bank is commencing Central Bank ... (full story)