Oct 09, 2019
Alan Boaden
What to do about 'cash' recovery after a disaster

Alan Boaden worked at the Reserve Bank from 1987 until 2012.

Immediately after the 2011 Christchurch earthquake, there was a great surge in the demand for cash in Christchurch. People wanted to buy petrol, food and other necessities. But eftpos went down for some time and many New Zealanders carry little cash. Cash in accessible ATMs and in those bank branches that were still open was quickly exhausted. The Reserve Bank had to work rapidly and closely with banks and security firms to make cash available to Christchurch residents.

He will describe these events and some lessons that might be taken from them.