NZ First Introduces Bill to Protect Cash Transactions

Businesses selling goods or services worth less than $500 would have to accept cash payments under the proposed law.

New Zealand $20 notes in the pocket of a pair of jeans are seen in this stock photo. Source: pstedrak / Depositphotos

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.