We need to work hard to maintain that legitimacy into the future, in part by responding to the needs of the public, and their preferred way of transacting, be that in physical central bank money (banknotes and coins) or digital central bank money.
____________ See Cash and payments data update: COVID-19 special https://www.rbnz.govt.nz/-/media/ReserveBank/Files/Notes%20and%20coins/future-of-cash/cash-and-payments-dataupdate-COVID-19-special.pdf?revision=9eac7a8d-cc97-454f-a9ff-2190311d055f&la=en 5  5  As an example, our consultations have confirmed the priority attached by many to the privacy and autonomy provided by cash.