Cash in circulation increased by $1 billion dollars ahead of the covid-19 imposed lockdown in New Zealand, demonstrating that Kiwis are far from ready to live in a cashless society.
By March this year, there were $7.32 billion of notes in circulation in the country. The “very significant uplift”, compared to an increase of $175 million in the previous 12 months, serves as a reminder that cash withdrawals increase in a crisis.
