NZ$
| New Zealand dollar | |||||
|---|---|---|---|---|---|
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New Zealand dollar (English) Tāra o Aotearoa (Māori) |
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| ISO 4217 | |||||
| Code | NZD | ||||
| Number | 554 | ||||
| Exponent | 2 | ||||
| Denominations | |||||
| Subunit | |||||
| 1/100 | cent | ||||
| Symbol | $ | ||||
| cent | c | ||||
| Nickname | kiwi | ||||
| Banknotes | $5, $10, $20, $50, $100 | ||||
| Coins | 10c, 20c, 50c, $1, $2 | ||||
| Demographics | |||||
| User(s) |
5 territories
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| Issuance | |||||
| Central bank | Reserve Bank of New Zealand | ||||
| Website | www |
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| Printer | Note Printing Australia (provides base polymer note material) | ||||
| Website | www |
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| Valuation | |||||
| Inflation | 0.2% (New Zealand only) | ||||
| Source | Reserve Bank of New Zealand, November 2016 | ||||
| Pegged by | Cook Islands dollar, Niue dollar and Pitcairn Islands dollar (all at par) | ||||
The New Zealand dollar (sign: $; code: NZD) (Māori: Tāra o Aotearoa) is the currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($), with NZ$ sometimes used to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is often informally called the "Kiwi", since New Zealand is commonly associated with the indigenous bird and the $1 coin depicts a kiwi.
Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs.
The New Zealand dollar is consistently one of the 10 most-traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013.
Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the £sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, which by the 1950s was considered complicated and cumbersome.
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