New Zealand is in no hurry to launch a CBDC, but won’t miss out on it

Nigeria might soon become one of the first countries to launch its central bank digital currency [CBDC], eNaira, on 1 October. Needless to say, this has pushed other nations to consider a national CBDC too.

New Zealand has now entered the list of countries looking and trying to understand the scope of a CBDC for its economy. As per reports, its central bank is looking at several benefits offered by a CBDC, with the most important being its potential use as a monetary policy tool.

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