Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Peters Offers To Help Bring Down The Dollar

Media Release
3 March 2004

Peters Offers To Help Bring Down The Dollar

New Zealand First has urged the Government to bring down the value of the dollar and has pledged to support any reasonable action by the Finance Minister to achieve this.

Speaking during the debate on the Budget Policy Statement in Parliament today, Mr Peters warned that the country could simply not keep spending more than it earned overseas without dire consequences.

“The Government has created an internal consumer driven economy based on rising house prices and a retail shopping frenzy while the real economy is being strangled by the high dollar.

“Exporters are being forced to the wall and recent floods have made the situation worse.”

Mr Peters said that New Zealand was too exposed to currency fluctuations and the Reserve Bank remained obsessed with Auckland house prices and inflation.

“Let me tell the Government that New Zealand First would support any move to shelter the Kiwi dollar, at a lower level, and still leave room for serious investment here.

“We urge the Finance Minister to show some courage and get the dollar down. We would stand firmly behind him, to boost export returns in the interests of the nation.

“Economic purity has not worked in this country. It is going to bankrupt us,” warned Mr Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news