Dear Harry,

 

Thank you for your official information request of 16 April 2022, received
by the Reserve Bank of New Zealand – Te Pūtea Matua on 19 April 2022, for
the following information:

 

(1)   Does the Reserve Bank possess any materials or documents relating to
Central Bank Digital Currencies (CBDCs)?

(2)   Has the Reserve Bank engaged in any internal discussion or
consultation — or discussion / consultation with other organisations —
regarding Central Bank Digital Currencies? If so, do you possess any
documents or materials relating to this?

(3)   Does the Reserve Bank have any position (official, preliminary, or
otherwise) on CBDCs?

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 18 May 2022, being 20 working days after the day
of your request. If we are unable to respond to your request by then, we
will notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The RBNZ
is resourced to meet disclosure obligations for a reasonable level of
requests. Where the request is for information that requires substantial
collation, research and preparation work, and is chargeable, we will work
with you first to refine the request to a smaller scale or scope that is
less likely to involve charges.

 

Responses to official information requests are published on the RBNZ’s
website. We will confirm in our decision letter to you whether we intend
to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[1]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

Yours sincerely,

 

Ruth Duncan

Senior Advisor

Government and Industry Relations

Reserve Bank of New Zealand – [3]Text Description automatically generated
Te Pūtea Matua
[4]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [2]rbnz.govt.nz

 

 

******************************************************************************

"This message (and any files transmitted with it) are confidential and
may be legally privileged. If you are not the intended recipient please
notify the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the
Reserve Bank of New Zealand. If the recipient has any concerns about
the content of this message they should seek alternative confirmation
from the Reserve Bank of New Zealand."

******************************************************************************

 

References

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2. https://www.rbnz.govt.nz/

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Hi Harry,

 

Thank you for your request to the Reserve Bank of New Zealand – Te Pūtea
Matua under the Official Information Act 1982 (OIA) for the following
information:

 

(1)   Does the Reserve Bank possess any materials or documents relating to
Central Bank Digital Currencies (CBDCs)?

(2)   Has the Reserve Bank engaged in any internal discussion or
consultation — or discussion / consultation with other organisations —
regarding Central Bank Digital Currencies? If so, do you possess any
documents or materials relating to this?

(3)   Does the Reserve Bank have any position (official, preliminary, or
otherwise) on CBDCs?

 

As it stands, your request may be refused due to concerns about
substantial collation as provided for under section 18(f) of the OIA. We
can work with you to narrow the scope of your request, ways that we can do
this is by adding a timeframe to the documents requested and/or limiting
it to substantive, decision-related documents only.

 

It may be of interest to you to know that the RBNZ has undertaken
significant consultation on Central Bank Digital Currency (CBDC). The
consultation documents to this point are available publicly on our website
and they may provide you with the information you require or assist you in
narrowing the scope of your request. Our Future of Money – CBDC issues
paper is available on our website at [1]Future of Money – Central Bank
Digital Currency | Te Moni Anamata – Aparangi ā Te Pūtea Matua - Reserve
Bank of New Zealand (rbnz.govt.nz) and that, taken with this media release
and linked speech [2]Innovation key to the future of money and cash -
Reserve Bank of New Zealand (rbnz.govt.nz), represents the RBNZ’s current
views and approach to exploring whether a CBDC is appropriate for New
Zealand.

 

Please note that this is an ongoing policy process.  Around the end of
this month we will release a summary of submissions received to all three
Future of Money issues papers available here [3]Future of Money – Te Moni
Anamata - Reserve Bank of New Zealand (rbnz.govt.nz). To be notified of
this publication and of continuing work in the programme, including CBDC,
you can subscribe to receive the Money and Cash Policy email updates at
[4]Email updates - Reserve Bank of New Zealand (rbnz.govt.nz) (this is a
self-managed subscription you can alter or stop at any time).

 

If you could let me know if the information at the links above provides
you with the answers you are seeking or if you would prefer to narrow the
scope of your request in order to avoid substantial collation concerns.

 

You have the right to seek an investigation and review of this response by
the Ombudsman, in accordance with section 28(3) of the OIA. The relevant
details can be found on the Ombudsman’s website at
[5]www.ombudsman.parliament.nz.

 

Please do not hesitate to ask any further questions, happy to discuss.

 

Thank you and kind regards,

 

Ruth

 

Ruth Duncan

Senior Advisor

Government and Industry Relations

Reserve Bank of New Zealand – [7]Text Description automatically generated
Te Pūtea Matua
[8]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [6]rbnz.govt.nz

 

 

 

******************************************************************************

"This message (and any files transmitted with it) are confidential and
may be legally privileged. If you are not the intended recipient please
notify the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the
Reserve Bank of New Zealand. If the recipient has any concerns about
the content of this message they should seek alternative confirmation
from the Reserve Bank of New Zealand."

******************************************************************************

 

References

Visible links
1. https://aus01.safelinks.protection.outlo...
2. https://aus01.safelinks.protection.outlo...
3. https://aus01.safelinks.protection.outlo...
4. https://aus01.safelinks.protection.outlo...
5. http://www.ombudsman.parliament.nz/
6. https://www.rbnz.govt.nz/

hide quoted sections

Dear Harry,

 

As I have not received further advice from you regarding how you would
like to proceed, I intend to close your request. If you do not wish me to
do so please let me know by 12 May 2022.

 

Thank you and kind regards,

 

Ruth

 

Ruth Duncan

Senior Advisor

Government and Industry Relations

Reserve Bank of New Zealand – [2]Text Description automatically generated
Te Pūtea Matua
[3]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [1]rbnz.govt.nz

 

 

 

 

 

From: Ruth Duncan
Sent: Friday, 22 April 2022 10:52 am
To: [FOI #19147 email]
Subject: Official information request - Central Bank Digital Currencies:
refining the scope of your request

 

Hi Harry,

 

Thank you for your request to the Reserve Bank of New Zealand – Te Pūtea
Matua under the Official Information Act 1982 (OIA) for the following
information:

 

(1)   Does the Reserve Bank possess any materials or documents relating to
Central Bank Digital Currencies (CBDCs)?

(2)   Has the Reserve Bank engaged in any internal discussion or
consultation — or discussion / consultation with other organisations —
regarding Central Bank Digital Currencies? If so, do you possess any
documents or materials relating to this?

(3)   Does the Reserve Bank have any position (official, preliminary, or
otherwise) on CBDCs?

 

As it stands, your request may be refused due to concerns about
substantial collation as provided for under section 18(f) of the OIA. We
can work with you to narrow the scope of your request, ways that we can do
this is by adding a timeframe to the documents requested and/or limiting
it to substantive, decision-related documents only.

 

It may be of interest to you to know that the RBNZ has undertaken
significant consultation on Central Bank Digital Currency (CBDC). The
consultation documents to this point are available publicly on our website
and they may provide you with the information you require or assist you in
narrowing the scope of your request. Our Future of Money – CBDC issues
paper is available on our website at [4]Future of Money – Central Bank
Digital Currency | Te Moni Anamata – Aparangi ā Te Pūtea Matua - Reserve
Bank of New Zealand (rbnz.govt.nz) and that, taken with this media release
and linked speech [5]Innovation key to the future of money and cash -
Reserve Bank of New Zealand (rbnz.govt.nz), represents the RBNZ’s current
views and approach to exploring whether a CBDC is appropriate for New
Zealand.

 

Please note that this is an ongoing policy process.  Around the end of
this month we will release a summary of submissions received to all three
Future of Money issues papers available here [6]Future of Money – Te Moni
Anamata - Reserve Bank of New Zealand (rbnz.govt.nz). To be notified of
this publication and of continuing work in the programme, including CBDC,
you can subscribe to receive the Money and Cash Policy email updates at
[7]Email updates - Reserve Bank of New Zealand (rbnz.govt.nz) (this is a
self-managed subscription you can alter or stop at any time).

 

If you could let me know if the information at the links above provides
you with the answers you are seeking or if you would prefer to narrow the
scope of your request in order to avoid substantial collation concerns.

 

You have the right to seek an investigation and review of this response by
the Ombudsman, in accordance with section 28(3) of the OIA. The relevant
details can be found on the Ombudsman’s website at
[8]www.ombudsman.parliament.nz.

 

Please do not hesitate to ask any further questions, happy to discuss.

 

Thank you and kind regards,

 

Ruth

 

Ruth Duncan

Senior Advisor

Government and Industry Relations

Reserve Bank of New Zealand – [10]Text Description automatically generated
Te Pūtea Matua
[11]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [9]rbnz.govt.nz

 

 

 

 

******************************************************************************

"This message (and any files transmitted with it) are confidential and
may be legally privileged. If you are not the intended recipient please
notify the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the
Reserve Bank of New Zealand. If the recipient has any concerns about
the content of this message they should seek alternative confirmation
from the Reserve Bank of New Zealand."

******************************************************************************

 

References

Visible links
1. https://www.rbnz.govt.nz/
4. https://aus01.safelinks.protection.outlo...
5. https://aus01.safelinks.protection.outlo...
6. https://aus01.safelinks.protection.outlo...
7. https://aus01.safelinks.protection.outlo...
8. http://www.ombudsman.parliament.nz/
9. https://www.rbnz.govt.nz/

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