New Zealand Dollar

New Zealand dollar

New Zealand dollar (English)
Tāra o Aotearoa (Māori)


$5 banknote obverse	Reverse designs of coins in circulation as of 31 July 2006

ISO 4217

Code

NZD

Number

554

Exponent

Denominations

Subunit

1/100

cent

Symbol

cent

Nickname

kiwi

Banknotes

$5, $10, $20, $50, $100

Coins

10c, 20c, 50c, $1, $2

Demographics

User(s)

New Zealand

5 territories

Cook Islands (New Zealand), alongside Cook Islands dollar
Niue (New Zealand)
Pitcairn Islands (UK)
Ross Dependency (New Zealand)
Tokelau (New Zealand)

Issuance

Central bank

Reserve Bank of New Zealand

Website

www.rbnz.govt.nz

Printer

Note Printing Australia (provides base polymer note material)

Website

www.noteprinting.com

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)

New Zealand

The New Zealand dollar (sign: $; code: NZD) is the currency of the Realm of New Zealand (including New Zealand proper and the territories of the Cook Islands, Niue, the Ross Dependency, and Tokelau), as well as a single British Overseas Territory, the Pitcairn Islands. It is divided into 100 cents.

It is normally written with the dollar sign $, or NZ$ 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. It is one of the 10 most-traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013. (See Global Foreign Exchange Market section below.)

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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Wikipedia