Results from a recent survey conducted by the Reserve Bank of New Zealand finds an unbreakable bond between its population and cash.
An overwhelming 96% survey respondents said they are happy to use cash, of which 58% said this was particularly true for small payments. New Zealander's also seem to value their privacy - a right that is protected when using cash.Â
Excerpts from the Reserve Bank of New Zealand's website
The survey's key findings
- 96 percent of New Zealand's adult population use cash. Of that group, the older you are the more likely you are to use cash more frequently.
- Around 80 percent of New Zealanders carry at least some cash in their wallet.
- 30 percent of New Zealanders have cash stored somewhere other than a bank.
- There are no marked differences in cash use between the North and South Islands, nor by gender.