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NZD
The New Zealand dollar ( mi, tāra o Aotearoa; sign: $, NZ$; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($). "$NZ" or "NZ$" are sometimes used when necessary to distinguish it from other dollar-denominated currencies. Introduced in 1967, the dollar is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs. In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019. History Intro ...
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New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ...
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New Zealand Five-dollar Note
The New Zealand five-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued on 10 July 1967 when New Zealand decimalised its currency, changing from the New Zealand pound to the New Zealand dollar. The note originally had an image of Queen Elizabeth II on the front; since 1992 it has had an image of Sir Edmund Hillary. The new design released in October 2015 was named "Banknote of the Year" by the International Bank Note Society for 2015. Design There have been seven different series of New Zealand banknotes, and the five-dollar note was introduced with the third series of banknote. Third series (1967–1982) The first five-dollar notes were issued alongside the first one-dollar, two-dollar, ten-dollar, twenty-dollar, and one-hundred-dollar notes with the introduction of the New Zealand dollar on 10 July 1967. They were made of cotton-based paper. The design was selected by a six- ...
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ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of transl ...
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Reserve Bank Of New Zealand
The Reserve Bank of New Zealand (RBNZ, mi, Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Adrian Orr. Employees of the bank operate under the framework of a managerial hierarchy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions. Ownership The Reserve Bank has been wholly owned by the New Zealand Government since 1936. The Reserve Bank is established by an Act of Parliament (the Reserve Bank of New Zealand Act 1989) and it has statutory independence. The Reserve Bank is accountable to Parliament and provides an annual dividend to the Government. Monetary policy Primary Functions The Reserve Bank's primary functi ...
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New Zealand One Hundred-dollar Note
The New Zealand one-hundred-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued on 10 July 1967 when New Zealand decimalised its currency, changing from the New Zealand pound to the New Zealand dollar. The note originally had an image of Queen Elizabeth II on the front; since 1992 it has had an image of Ernest Rutherford. Design There have been seven different series of New Zealand banknotes, and the one-hundred-dollar note was introduced with the third series of banknote. Third series (1967–1981) The first one-hundred-dollar notes were issued alongside the first one-dollar, two-dollar, five-dollar, ten-dollar, and twenty-dollar notes with the introduction of the New Zealand dollar on 10 July 1967. They were made of cotton-based paper. The design was selected by a six-person design committee appointed in 1964, which included Alexander McLintock, Stewart Bell Maclennan and ...
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New Zealand Fifty-dollar Note
The New Zealand fifty-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued in 1983. The note originally had an image of Queen Elizabeth II on the front; since 1992 it has had an image of Sir Āpirana Ngata. Design There have been seven different series of New Zealand banknotes, and the fifty-dollar note was introduced with the fourth series of banknotes, to fill the gap between the twenty-dollar and one-hundred-dollar notes. Fourth series (1983–1991) The first issue had a portrait of Elizabeth II on the front and used orange colouring. The back of the note featured a morepork or ruru, New Zealand's only extant native owl. The owl was perched on a pohutukawa, a tree found on the New Zealand coast and often referred to as the "New Zealand Christmas tree". The watermark was of Captain James Cook. Fifth series (1991–1999) New Zealand's banknotes were completely re-designed in t ...
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New Zealand Twenty-dollar Note
The New Zealand twenty-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued on 10 July 1967 when New Zealand decimalised its currency, changing from the New Zealand pound to the New Zealand dollar. It has an image of Queen Elizabeth II on the front. Design There have been seven different series of New Zealand bank notes, and the twenty-dollar note was introduced with the third series of bank note. Third series (1967–1981) The first twenty-dollar notes were issued alongside the first one-dollar, two-dollar, five-dollar, ten-dollar, and one-hundred-dollar notes with the introduction of the New Zealand dollar on 10 July 1967. They were made of cotton-based paper. The design was selected by a six-person design committee appointed in 1964, which included Alexander McLintock, Stewart Bell Maclennan and Professor John Simpson, Dean of the Faculty of Fine Arts at the University of C ...
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New Zealand Ten-dollar Note
The New Zealand ten-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued on 10 July 1967 when New Zealand decimalised its currency, changing from the New Zealand pound to the New Zealand dollar. The ten-dollar note originally had an image of Queen Elizabeth II on the front; since 1993 it has had an image of suffragist Kate Sheppard. Design There have been seven different series of New Zealand bank notes, and the ten-dollar note was introduced with the third series of bank note. Third series (1967–1981) The first ten-dollar notes were issued alongside the first one-dollar, two-dollar, five-dollar, twenty-dollar, and one-hundred-dollar notes with the introduction of the New Zealand dollar on 10 July 1967. They were made of cotton-based paper. The design was selected by a six-person design committee appointed in 1964, which included Alexander McLintock, Stewart Bell Maclennan an ...
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Niue Dollar
Niue, a country in free association with New Zealand, uses only one official legal tender currency, which is the New Zealand dollar. Before the creation of the New Zealand dollar in 1967, Niue was a user of the New Zealand pound and its very early commemorative coins of Niue were in pound or shilling increments. Niue first began issuing coins in 1966. These have been mostly bullion and non-circulating base metal commemorative issues. They are acceptable as legal tender within Niue, though unlikely to be found anywhere on the island. Coins In 2009, Niue began issuing its first standardised coin set in denominations of 5, 10, 20, 50 cents and 1 Dollar; they are thicker than New Zealand coins as well as having a different metallic composition. They are also of the same exact size and composition as the Pitcairn Islands special coin set. All of the standard set coins bear images relevant to the country, surrounded by a distinct border. All coins of Niue depict the national c ...
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Cook Islands Dollar
The Cook Islands dollar was the former currency of the Cook Islands, which now uses the New Zealand dollar, although some physical cash issued for the Cook Islands dollar remains in use. The dollar was subdivided into 100 '' cents'', with some older 50-cent coins carrying the denomination as "50 ''tene''". History Until 1967, the New Zealand pound was used in the Cook Islands, when it was replaced by the New Zealand dollar. In 1972, local issues of coins of the New Zealand dollar began to be released for the Cook Islands. In 1987, the Cook Islands dollar was established and pegged at par to the New Zealand dollar, with each Cook Islands dollar backed by a New Zealand dollar held by the Treasury of the Cook Islands government and freely interchangeable; the New Zealand dollar remained legal tender alongside the new currency. The Currency Reserves Amendment Act 1989 modified the required backing of Cook Islands dollars to 50% of the face value for circulating currency, and 2% ...
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Pitcairn Islands Dollar
The Pitcairn Islands is a non-sovereign British overseas territory and the New Zealand dollar is used as exchange. The Pitcairn Islands began issuing its first commemorative coins in 1988. Though the Pitcairn Islands dollar is not a true currency in the strict sense of the word, and is not used as a circulation coinage, it can be lawfully exchanged as tender. The Pitcairn Islands dollar exists only because of the coin collecting market, which provides a major staple for the island nation. Having a population of only 50 according to the 2020 census, and with only one island in the group of four being populated, there is no need for local coinage. Coins consist of an important part of the Pitcairn Islands' tiny economy and help raise funds for the government's largely fixed and subsidised income. Coins New Zealand coins and notes are circulated in the Pitcairn Islands. However, the Pitcairn Islands began issuing its first denominational coin set in 2009. They were in six denomina ...
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New Zealand Pound
The pound (symbol £, £NZ. for distinction) was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 penny, pence (symbol d). History Up until the outbreak of the World War I, First World War, the New Zealand pound was at parity with one pound sterling. As a result of the great depression of the early 1930s, the New Zealand agricultural export market to the UK was badly affected. Australian banks, which controlled the New Zealand exchanges with London, devalued the New Zealand pound to match the value of the Australian pound in 1933, from parity or £NZ 1 = £1 sterling to £NZ 1 = 16s sterling (£0.8). In 1948 it returned to parity with sterling or £NZ.1 = £1 sterling. In 1967, New Zealand decimalised its currency, replacing the pound with the New Zealand dollar, dollar at a rate of $NZ 2 = £NZ 1 (o ...
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