A spokesperson for the Reserve Bank of New Zealand said in a statement that the bank has suspended research and development work related to the digital cash proposal and is shifting its focus to a wider range of projects to study the modernization of New Zealand's payment system. The spokesperson said that modernizing the payment system and implementing real-time retail payment solutions are the key tasks of the Reserve Bank of New Zealand. “Although the system remains stable and reliable for most users, there is still an opportunity to fully play its role in the digital economy and prepare for an uncertain future.” The spokesperson said that modern payment infrastructure will be able to support various emerging payment methods, including central bank digital currencies.

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