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Reserve Bank Of New Zealand
The Reserve Bank of New Zealand (RBNZ) () is the central bank of New Zealand. It was established in 1934 and is currently constituted under the ''Reserve Bank of New Zealand Act 2021''. The current acting governor of the Reserve Bank, Christian Hawkesby, is responsible for New Zealand's currency and operating monetary policy. History The Reserve Bank of New Zealand was established from 1 August 1934 by the ''Reserve Bank of New Zealand Act 1933''. The Reserve Bank first issued banknotes in 1934, see New Zealand pound. The ''Banking (Prudential Supervision) Act 1989'', which came into effect in February 1990, resulted in the Reserve Bank becoming independent of government control in RBNZ's role of managing monetary policy by introducing an inflation targeting mandate. New Zealand was the first country in the world to try this regime, which was later adopted in other countries. The ''Reserve Bank of New Zealand Amendment Act 2008'' included amendments to the ''BPSA 1989'', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, Collective ownership, collective/cooperative, and common ownership. In marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sixth National Government Of New Zealand
The Sixth National Government is a coalition government comprising the National Party, ACT Party and New Zealand First that has governed New Zealand since November 2023. The government is headed by Christopher Luxon, the National Party leader and prime minister, along with coalition party leaders David Seymour and Winston Peters. Following the 2023 general election on 14 October 2023, coalition negotiations between the three parties ended on 24 November, and ministers of the new government were sworn in by the Governor-General on 27 November. The coalition government has agreed to a select committee with the possibility of amending the Treaty of Waitangi legislation, affirm local referendums on Māori wards, and prioritise English over the Māori language in Government departments. On broader issues, the government's plan includes restoring interest deductibility for rental properties, changes in housing policies, infrastructure investment, conservative law and justi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Digital Currency
A central bank digital currency (CBDC; also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. It is also a liability of the central bank, unless it is dividend-yielding, then it is an ownership stake in the central bank, and is a new form of legal tender, unlike cash like retail CBDC which is the digitization of sovereign currency, which applies to physical banknotes, coin, and existing wholesale CBDC reserves that are used in the reverse repo and repo market. The two primary categories of CBDCs are retail and wholesale. Retail CBDCs are designed for households and businesses to make payments for everyday transactions, whereas wholesale CBDCs are designed for financial institutions and operate similarly to central bank reserves. Retail CBDCs can be distributed through various models. In the intermediated model, the central bank issues the CBDC and manages core infrastructures, while financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes Of The New Zealand Dollar
New Zealand dollar banknotes are the banknotes in circulation in New Zealand, the Cook Islands, Tokelau, Niue and the Pitcairn Islands, denominated in the New Zealand dollar (symbol: $; ISO 4217 currency code NZD, also abbreviated ). They are issued by the Reserve Bank of New Zealand and since 1999 have been made of polymer. History Before 1934, a number of trading banks issued their own banknotes in New Zealand and were not obligated to accept each other's banknotes. By the 1920s there was a general desire to have a single, uniform national currency. Accordingly, the Reserve Bank was established in 1934 as the sole authority for issuing New Zealand's national banknotes, while the New Zealand Treasury had responsibility for issuing new coins. New Zealand was the last Dominion to establish a national currency. The Reserve Bank has released seven different issues of New Zealand bank notes; two issues took place when the New Zealand pound was the national currency, and the rem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
