Rt Hon Winston Peters

New Zealand First Leader
11 JULY 2014

Excuses Over Dollar

Excuses, but no relief from the National Government as the dollar touches an all-time high against the US dollar, says New Zealand First.

“The government’s folly in not supporting New Zealand First’s Bill giving the Reserve Bank extra powers and flexibility, and twice voting it down by one vote, is plain to see.

“New Zealand First has been vindicated.

“At the introduction of our Bill, the Reserve Bank (Amending Primary Function of Bank) Amendment Bill, in 2012 and 2013, New Zealand First said the dollar would go to US90 cents.

“Those predictions were scoffed at, but who is scoffing now?

“Deep damage is being done to the economy yet the government is locked into an absurd ‘there is no alternative’ position.

“Give up the excuses and take action,” says Mr Peters.

ENDS

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