New Zealand dollar

New Zealand dollar
$NZ[1]
$100 banknote, obverse$1 coin, depicting a kiwi on the reverse, from where the currency gets its informal name, the Kiwi dollar
ISO 4217
CodeNZD (numeric: 554)
Subunit0.01
Unit
Unitdollar
Symbol$
Nicknamekiwi
Denominations
Subunit
1100cent
Symbol
centc
Banknotes
 Freq. used$5, $10, $20, $50, $100
Coins
 Freq. used10c, 20c, 50c, $1, $2
Demographics
Date of introductionJuly 10, 1967 (1967-07-10)
ReplacedNew Zealand pound
User(s) New Zealand
Issuance
Central bankReserve Bank of New Zealand
 Websiterbnz.govt.nz
PrinterNote Printing Australia (provides base polymer note material)
 Websitenoteprinting.com
MintPrimarily Royal Canadian Mint and Royal Mint (UK), others previously
Valuation
Inflation2.2% (New Zealand only)
 SourceReserve Bank of New Zealand, September 2024
Pegged byCook Islands dollar (historical), Niue dollar and Pitcairn Islands dollar (all at par)

The New Zealand dollar (Māori: tāra o Aotearoa; sign: $; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands.[2] Within New Zealand, it is almost always abbreviated with the dollar sign ($). The abbreviations "$NZ"[1] or "NZ$" are used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies.

The New Zealand dollar was introduced in 1967. It is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs.

In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar",[3] since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.[4]

  1. ^ a b "World Bank Style Guide" (PDF). World Bank. pp. 134–137.
  2. ^ "New Zealand Dollar (NZD) Profile | Foreign Exchange Conversion - Money Calculator". currency7.com. Retrieved 6 February 2017.
  3. ^ Jazial Crossley (12 March 2012). "Currency | Kiwi Follows Aussie Dollar Down". Stuff.co.nz. Retrieved 23 May 2012.
  4. ^ "Foreign exchange turnover in April 2019". 16 September 2019.

New Zealand dollar

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