Torrential rain floods Clevedon

Torrential rain caused flooding and closed roads in Auckland and Waiheke this afternoon, with a number of people having to be rescued from rising floodwaters. The Fire Service responded to three people trapped in floodwaters on Clevedon-Kawakawa Bay Road, but all have been reported safe and well, Auckland Civil Defence said.

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Currency control?
New Zealand

Currency control?

The Reserve Bank of New Zealand is considering launching a central bank digital currency (CBDC). This episode explores why and how it could work.