Staff Discussion Paper/Document d’analyse du personnel — 2021-8 Last updated: May 25, 2021 An Exploration of First Nations Reserves and Access to Cash by Heng Chen, Walter Engert, Kim P. Huynh and Daneal O’Habib Currency Department Bank of Canada, Ottawa, Ontario, Canada K1A 0G9
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[email protected] Bank of Canada staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy, produced independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy. Therefore, the views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank. ISSN 1914-0568 ©2021 Bank of Canada Acknowledgements We thank colleagues at the Bank of Canada, especially Jason Allen, Alex Chernoff, Ted Garanzotis and Ted Mieszkalski; Jerry Buckland (University of Winnipeg); Andre LeDressay and other Tulo Centre colleagues; Stephen Wild (Financial Consumer Agency of Canada), Tim Leonard, Sandra Romain, Bruno Powo Fosso and James Maracle (Indigenous Services Canada); and colleagues at the Reserve Bank of New Zealand, for comments and discussion. We thank Jerry Qinghui Yu for research assistance and Nicole van de Wolfshaar and Alison Arnot for editorial assistance. i Abstract Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is adequately distributed across society, and this also influences the Bank’s thinking on issuing a central bank digital currency.