"This has been an important public consultation to seek feedback on a proposal for cash services access across Aotearoa New Zealand. The consultation asked about local access to withdraw cash, deposit cash and swap cash for low-denomination banknotes and coins. Thanks to all who took the time to make a submission," says Karen Silk, Assistant Governor Money.
"No decisions have been made and we look forward to analysing all submissions received. That analysis will be undertaken over the next six weeks, and we expect to release the findings later in September."
"It is our intention to continue to work with the banks to develop a solution that ensures access to cash meets the needs of New Zealanders. Our preferred approach is to work with banks to explore how this can be done on a voluntary basis and we look forward to working together to achieve this," Ms Silk says.
