New Zealand First—one of three parties in New Zealand’s coalition government—has introduced a bill that will prohibit businesses from refusing cash payments for goods and services worth less than $500 (US$301).
“The bill will provide for the enduring use of cash as a private, accessible, and reliable method of payment,” Party Leader Winston Peters said.
“People who rely on cash due to barriers to digital banking deserve assurance that cash will be preserved in the increasingly digital world. The bill acknowledges that cash is a critical tool for vulnerable populations like those in rural communities, the elderly, and low-income earners who may experience barriers to digital banking.”…
NZ First Introduces Bill to Protect Cash Transactions
