New Zealand Central Bank Advocates for Free Nationwide Cash Access

New Zealand's central bank is advocating for banks to offer free cash services across the country. Bloomberg posted on X, highlighting the central bank's push against the trend of branch closures and ATM fees that have made accessing cash more challenging for consumers. This initiative aims to ensure that all citizens have easy and cost-free access to cash, addressing concerns over the diminishing availability of physical currency services. The proposal comes amid ongoing discussions about the future of cash in a rapidly digitalizing economy.