New Zealand dollar
New Zealand dollar is the official currency of New Zealand since 1967. This unit of currency is also used in the Cook Islands, Niue, Tokelau and the Pitcairn Islands.
Prior to the arrival of the New Zealand dollar, the currency of the country was the New Zealand pound, different from sterling pound since 1933.
The change to decimal currency to replace the system of the New Zealand pound had been proposed in New Zealand in the thirties, but it was not until the fifties that the project was launched. In 1957, the Government created a committee to carry out a research on the decimal currency and finally in 1963 the Government decided to divide the currency of New Zealand into tenths.
The decimal currency act was passed in 1964, setting out the transition date for the 10th July 1967. Also, other names for the currency were suggested, such as kiwi or zeal, in order to avoid confusion with dollar, commonly associated to US dollar. In the end, the word dollar was chosen to call the national currency.
On the 10th July 1967 New Zealand dollar was introduced to replace the New Zealand pound, one pound equaling to two dollars. Around 27 million in banknotes were printed and 165 million in coins.
New Zealand dollar is the official currency of New Zealand, Cook Islands, Niue, Tokelau and Pitcairn Islands.
Today we have banknotes of 5, 10, 20, 50 and 100 New Zealand dollars.
Regarding coins, we have coins of 5, 10, 20 and 50 cent and 1 and 2 dollars.
Date of creation:
Reserve Bank of New Zealand
|Global Exchange||Your high-street bank|
|Currencies available||Up to 39. We are specialists||Only major currencies. Banks do not pay enough attention to this kind of service.|
|Ready currency||Ever ready, immediately, in our branches at the airport.||Banks have to order currency to the Headquarters and it can.|
|Expenses||Only the exchange rate, without any additional charges, and if you order it online you get the best price.||The bank has its own margin and adds a commission.|
|Currency divided in different denominations.||Of course! We care about you and your needs while you travel abroad.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Collect at the airport/branch of your preference. It is all about comfort!||You must visit your bank at least twice: once to order it and another one to collect it, thus having to be on the lookout for its arrival.|
|Anything else?||Yes: our Iberia Plus Customers who reserve online earn Avios for their purchases, as when they buy at the airport.||Avi-what? No sir! This is a bank, not an airline company!|