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$NZ[1] | |||||
|---|---|---|---|---|---|
| |||||
| ISO 4217 | |||||
| Code | NZD (numeric: 554) | ||||
| Subunit | 0.01 | ||||
| Unit | |||||
| Unit | dollar | ||||
| Symbol | $ | ||||
| Nickname | kiwi | ||||
| Denominations | |||||
| Subunit | |||||
| 1⁄100 | cent | ||||
| Symbol | |||||
| cent | c | ||||
| Banknotes | |||||
| Freq. used | $5, $10, $20, $50, $100 | ||||
| Coins | |||||
| Freq. used | 10c, 20c, 50c, $1, $2 | ||||
| Demographics | |||||
| Date of introduction | July 10, 1967 | ||||
| Replaced | New Zealand pound | ||||
| User(s) |  New Zealand
| ||||
| Issuance | |||||
| Central bank | Reserve Bank of New Zealand | ||||
| Website | rbnz.govt.nz | ||||
| Printer | Note Printing Australia (provides base polymer note material) | ||||
| Website | noteprinting.com | ||||
| Mint | Primarily Royal Canadian Mint and Royal Mint (UK), others previously | ||||
| Valuation | |||||
| Inflation | 2.2% (New Zealand only) | ||||
| Source | Reserve Bank of New Zealand, September 2024 | ||||
| Pegged by | Cook 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]
- ^ a b "World Bank Style Guide" (PDF). World Bank. pp. 134–137.
- ^ "New Zealand Dollar (NZD) Profile | Foreign Exchange Conversion - Money Calculator". currency7.com. Retrieved 6 February 2017.
- ^ Jazial Crossley (12 March 2012). "Currency | Kiwi Follows Aussie Dollar Down". Stuff.co.nz. Retrieved 23 May 2012.
- ^ "Foreign exchange turnover in April 2019". 16 September 2019.