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New Zealand Dollar

 

New Zealand Dollar

New Zealand Fifty Dollar

Denoted as NZ$ or NZD, the New Zealand dollar is New Zealand’s official currency. The informal term for the New Zealand dollar is “Kiwi” and it is also used officially in Niue, the Cook Islands, the Pitcairn Islands, and Tokelau. Each NZ dollar can be divided into a hundred cents. Introduced in 1967, the New Zealand dollar was used after New Zealand decimalized it currency to replace the New Zealand pound.

 

It is interesting to know that the NZ$50 is the NZD’s only denomination to feature the Maori on its front side. Also, all the bird names on the obverse of the NZD are in Maori and that each one starts with a consonant.

 

Most of the NZD bank notes feature male characters except for the 10 and 20 dollar notes which feature women. Also, most of those featured in the notes are of people who have already passed on except for the 5 and 20 dollar notes which feature people who are still alive.

The twenty dollar note is the only one with a personality of a different country on its reverse side. The five dollar note is the only one with a special symbol on its bottom left hand corner.
 

The New Zealand bank notes of $1, $2, $5, $10, $20 and $100 were introduced in 1967. All of these denominations, except the $5, were used to replace the New Zealand pound notes. The front part of the notes originally had an image of the Queen while the reverse side featured native plants and birds.

Because the printer used to produce the notes was changed, the notes were slightly changed in 1981.

 

The most noteworthy change made was the image of the Queen which at first had been facing to the left and is now facing forward.

In 1983, the NZ$50 note was added to fill in the long gap between the twenty and hundred dollar notes. The one and two dollar notes were replaced with coins in 1991.

 
New Zealand Ten Dollars

In 1992, a new line of notes was introduced. The front side of each note had a New Zealand notable featured on it except for the twenty dollar note which still showed the image of the Queen.

The reverse side showed a native bird of New Zealand set against a NZ scenery. The paper notes were replaced by polymer notes in 1999.

 

The designs of the NZD notes remained mostly the same except for the slight changes made for security reasons such as the two transparent windows.


After the Bretton Woods system broke down in 1971, both the New Zealand and Australian dollars changed the predominantly fixed foreign exchange routines against the United States dollar in a moving peg.
In 1974 of September, the Australian dollar moved about a peg versus a whole group of currencies called the TWI (Trade Weighted Index) in an attempt to decrease fluctuations correlated with its peg to the United States dollar.

Since the latter part of the 1990s, and assuredly since the close of the Cold War, the United States dollar has had an ever decreasing overall influence on the value of both the AUD and the NZD versus other currencies.
 

 

  

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