Scoop has an Ethical Paywall
Timber Industry Supports Common Currency with Oz
PRESS RELEASE BY
New Zealand Timber Industry
Federation
Timber Industry Supports Common Currency
with Australia
“New Zealand Timber Industry
Federation President, Howard Tonge, strongly supports the
Prime Minister’s consideration of a common currency with
Australia.
“Exporting timber has become more about gambling on the currency than actually doing the business.
”Currency certainty, at least across the Tasman, will bring enormous benefits making New Zealand much more attractive to new investment.
“It will impose external fiscal disciplines on the government, which is not a bad thing.
“Our export sector is far too important for New Zealand to continue to subject it to the exchange rate volatility so often associated with small country currencies.
“It’s time to put aside our petty parochialism and small man syndrome. If it was good enough for the powerful German export economy to give away its own currency so it should be for New Zealand.
“We could not afford to hitch ourselves to the US dollar, but a common currency with Australia is a good start.
ends
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
