New Zealand Dollar
The New Zealand Dollar (NZD) is the money used in New Zealand, Cook Islands, Niue, Tokelau and the Pitcairn Islands. It has been in use since 1967, before that the New Zealand Pound was used. One dollar is equal to 100 cents. It is normally used with the $ or NZ$ to show it is the New Zealand Dollar.
Coins[change | change source]
From 1967 the coins being used were 1 cent, 2 cents, 5 cents, 10 cents, 20 cents and 50 cents. the 1 cent and 2 cent coins being made of copper and the rest being made in cupro-nickel. In 1987 the 1 cent and 2 cent coins stopped being made and weren't used anymore by 1990. In 1991 the 1 dollar and 2 dollar banknotes got changed into coins. They were made of aluminium-bronze. In 2006 the New Zealand Government decided to stop using the 5 cent coin and make all the other coins expect for the 1 and 2 dollar coins smaller. They also made the new smaller 10 cent coin copper.
Banknotes[change | change source]
The first paper banknotes were printed in 1967. The one, two, five, ten, twenty and one hundred dollar notes. The one and two dollar notes were replaced by coins in 1991. In 1983 a 50 dollar banknote was introduced. In 1999, New Zealand changed from paper banknotes to polymer banknotes.