The cyclone that tore through New Zealand last week has exposed the dangers of a cashless society, prompting the central bank to consider new ways of ensuring access to physical money when power and telecommunications fail.
New Zealanders were left unable to pay for vital goods such as food and water for days after cash machines and payment systems were knocked out by Cyclone Gabrielle, which left at least 11 people dead and displaced thousands as it cut across the upper North Island on Feb ...
