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The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea.
However, it did not take on its full powers until the euro was created on 1 January 1999. The bank's first President was Wim Duisenberg, former head of the EMI and the Dutch central bank. [ 4 ] The conversion rates between the 11 participating national currencies and the euro were then established.
New Zealand dollar. The New Zealand dollar (Māori: tāra o Aotearoa; sign: $; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. [2] Within New Zealand, it is almost always abbreviated with the dollar sign ($).
At first New Zealand was administered from Australia as part of the colony of New South Wales, and from 16 June 1840 New South Wales laws were deemed to operate in New Zealand. [53] This was a transitional arrangement, and the British Government issued the Charter for Erecting the Colony of New Zealand on 16 November 1840.
v. t. e. In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. [1] Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. [2]
There are 13 school years and attending state (public) schools is free to New Zealand citizens and permanent residents from a person's 5th birthday to the end of the calendar year following their 19th birthday. [354] New Zealand has an adult literacy rate of 99%, [98] and over half of the population aged 15 to 29 hold a tertiary qualification ...