Reserve Bank working to help in wake of earthquake
"We can only imagine how difficult this is with the loss of lives, homes and buildings, the injuries and dislocation for people in Christchurch," said Reserve Bank governor Alan Bollard.
"The Reserve Bank is working hard to assist the recovery as fast as possible in terms of access to financial services, and ensuring markets remain stable."
Bollard extended sympathy to the people of Christchurch affected by the disaster and said the Reserve Bank was coordinating its assistance in the recovery efforts with the Government’s National Crisis Management Centre in Wellington.
"We are also working with affected banks and cash-in-transit companies to ensure the availability of cash in Christchurch. The Reserve Bank is ready and able to supply any cash requited by banks. We have ample cash reserves and will issue cash to banks on any day required during this emergency situation," he said.
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