Kia ora, 

  

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Upcoming Monetary Policy Announcements  

See all the Monetary Policy Announcement and Financial Stability Report
dates for 2024 [1]here.  

 

Money & Cash  

o [2]Returning old or damaged currency 
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We are continuing to explore a digital currency or "digital cash" for New
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can watch a recording of our webinar [10]here.
Who we are and what we do  
We are kaitiaki (guardians) of New Zealand’s financial ecosystem, working
to fulfil our purpose of Toitu te Ōhanga, Toitu te Oranga (enabling the
prosperity and wellbeing of all New Zealanders). We deliver on our mandate
by: 

* [11]Operating monetary policy to maintain low and stable inflation  
* [12]Promoting a sound and efficient financial system 
* [13]Meeting the public’s cash needs 
* [14]Overseeing effective payments systems 

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For any queries or clarifications on the [15]data and statistics we
publish, please email [16][email address].  

Firms we regulate  
The Reserve Bank is the prudential regulator of banks, insurers, and
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o [17]List of registered banks in New Zealand 
o [18]List of licensed insurers  
o [19]Register of licensed NBDTs 

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The Deposit Takers Act will protect deposits through the Depositor
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You can find more information on our [20]website. Sign up to our regular
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If you have a complaint, please deal directly with your bank or insurer in
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Markets Authority. 

Looking for information about the strength of the financial system?  
Check out our [26]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system: 

o [27]Monetary Policy Statement 
o [28]Financial Stability Report  

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instead.  

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Please check out the [29]Kōrero webpage for more information on the
programme. To request a speaker, please email [30][email address].  

We’ll be in touch as soon as possible. 

Kind regards | Ngā mihi nui 

Reserve Bank of New Zealand – Te Pūtea Matua     

2 The Terrace, Wellington 6011. PO Box 2498, Wellington 6140         
 
T + 04 471 3660  

E [31][RBNZ request email]   W [32]rbnz.govt.nz  

 

 

 

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1 July 2024

 

 

Chris McCashin

[1][FOI #27414 email]

 

Dear Chris

 

Official information request

Thank you for your official information request of 27/01/2024 for:

 

1. What specific measures, if any, is the Reserve Bank of New Zealand
(RBNZ) taking to hedge against the potential significant devaluation or
collapse of the US dollar?

 

2. Has the RBNZ conducted any risk assessments or scenario planning
related to a major decline in the value of the US dollar? If so, please
provide summaries of these assessments.

 

3. What strategies does the RBNZ have in place to protect the New Zealand
dollar and the country's foreign exchange reserves in the event of a US
dollar crisis?

 

4. How does the RBNZ plan to safeguard the savings of New Zealanders in
the case of a global financial crisis triggered by US dollar instability?

 

5. Has the RBNZ considered diversifying its foreign exchange reserves away
from the US dollar? If so, what alternative currencies or assets are being
considered?

 

6. What coordination, if any, exists between the RBNZ and other central
banks or international financial institutions regarding preparation for
potential US dollar instability?

 

7. Are there any specific policies or mechanisms in place to support the
stability of the New Zealand financial system in the event of a major
international currency crisis?

 

Please provide any relevant documents, reports, meeting minutes, or
communications that detail these strategies, assessments, and plans.

 

Would you be recommending I buy my own gold to hedge against the coming
collapse or is the Reserve Bank taking steps to protect kiwis as we can
see the US destroying their own dollar . Why should kiwis live with dollar
destruction due to US politicians printing and laundering money back to
themselves to start wars all over the world as they try and cover up their
CIA coup-de tats, biolabs across the world, viruses and vaccine
bio-weapons amongst all their other sins which are too many to list.

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 26/07/2024, 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
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests and generally will not impose charges for small, simple
or infrequent 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 Reserve
Bank’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
[2]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

 

Government and Industry Relations team

  Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.  
PO Box 2498, Wellington 6140
[5][IMG] [6][IMG] [7][IMG] [8][IMG] [9][IMG]
E
[3][email address]  
W [4]rbnz.govt.nz

 

 

 

 

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Dear Chris

 

Please find attached the response to your request of 27 June 2024.

 

Yours sincerely

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea [2]Text Description automatically
Matua generated

2 The Terrace, Wellington 6011. PO Box    
2498, Wellington 6140

W [1]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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