(Reuters] – Although the Reserve bank of New Zealand (RBNZ), stated Friday that they had yet to make a decision regarding a possible central bank digital currency (CBDC), it would keep exploring this possibility.

In September 2013, the RBNZ announced that it would seek public input on whether a CBDC, which is essentially a digital version of an existing currency, could be used.

Numerous countries are looking into CBDCs. This year, the U.S. Federal Reserve published a paper about the pros and cons to adopting a digital currency.

RBNZ stated that feedback received from the public has confirmed the importance privacy and autonomy in relation to CBDC, and would continue policy development.

The central bank stated in a statement that it believes cash and CBDC would complement each other rather than be conflicting.

Ian Woolford (RBNZ director for Money and Cash) said that the central bank is particularly keen to take concrete steps in order to increase resilience and efficiency of the cash system.