Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Reserve Bank releases Explaining Currency booklet

3 July 2006

Reserve Bank releases Explaining Currency booklet

The Reserve Bank today released a third edition of its popular Explaining Currency booklet.

The booklet walks readers through the history of New Zealand's currency, describes the banknote and coin designs, how banknotes and coins are made, the security features and the life-cycle of a typical bank note. It features the smaller, lighter 10, 20 and 50 cent coins - to be released at the end of this month.

Copies of Explaining Currency booklets, which include a poster displaying New Zealand's Currency, have been sent to all schools with year 1 to 8 students. Copies can be downloaded from the Reserve Bank's website,

Brian Lang Reserve Bank Currency Manager says that while we tend to take banknotes and coins for granted, their history and production is fascinating.

"New Zealanders initially relied on a barter system and then on a confusing mix of coins, tokens and notes. New Zealand has had its own national currency only since 1934.

"Today our society relies on money in many forms. We can buy and sell things using coins, banknotes, cheques, credit cards, and by electronic transactions.

"Many of us remember the introduction of decimal currency - the biggest change since the introduction of currency. On 10 July 1967, New Zealand went decimal. This month - on 31 July - we will see another change - the current 50, 20, and 10 cent coins will be replaced with smaller and lighter coins, and the 5 cent coin will begin to be phased out."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>