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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.
The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$1 = UK£ 1 ⁄ 2 = US$1.40. On 21 November 1967 sterling was devalued from UK£1 = US$2.80 to US$2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$1 = US$1.40 to US$1.12, to match the value ...
The first New Zealand banknotes were released on 1 August 1934, signed by the first Governor of the Reserve Bank, Leslie Lefeaux.The first issue was printed by Thomas de la Rue and his company based in London, and included notes with the denomination of 10/- (ten shillings), £1 (one pound), £5 and £50.
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.
New Zealand joined the sterling area in 1939 at the outbreak of the Second World War and in 1948, the New Zealand pound once again returned to parity with the pound sterling. In 1967, New Zealand decimalised its pound into two new New Zealand dollars and later that year, when the pound sterling was devalued, New Zealand took the opportunity to ...
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 ...
The banknotes of New Zealand comprise: Banknotes of the New Zealand pound , produced from 1840 to 1967 Banknotes of the New Zealand dollar , produced from 1967 to present
The dollar was pegged at two to a pound, thus 200 cents to the pound. New Zealand's one-penny coin was 1/240 of a pound. [1] The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985. [2] In 1986 the portrait was changed to the version by Raphael Maklouf, [3] introduced to the coins of the pound sterling in