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The pound (symbol £, £NZ. [1] for distinction) was the currency of New Zealand from 1933 until 1967, when it was replaced by the New Zealand dollar. Prior to this, New Zealand used the pound sterling since the Treaty of Waitangi in 1840. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 pence ...
Banknotes of the New Zealand pound, produced from 1840 to 1967; Banknotes of the New Zealand dollar, produced from 1967 to present; See also. Coins of New Zealand
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
The act standardized a new currency, the New Zealand dollar, divided into 100 cents. Its value was based on that of the prior coinage, with one shilling being equal to the new value of ten cents. Eight denominations of coin were defined, ranging from one dollar to one half cent. [18] Upon taking effect on 10 July 1967, the act abolished the pound.
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as ...
Decimalisation of the New Zealand currency occurred on 10 July 1967, when the New Zealand pound was replaced by the New Zealand dollar. On the same day, new decimal banknotes were introduced to replace the existing pound banknotes, in denominations of $1, $2, $5, $10, $20, and $100. [2] [4]
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 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.
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