When did New Zealand start using money?
10 July 1967
Decimal currency was introduced to New Zealand on 10 July 1967. A great deal of work was required to make the change from Imperial currency, including a huge publicity campaign. A series of advertisements on television introduced the concepts to viewers in New Zealand.
When did NZ change to plastic money?
May 1999
New Zealand banknotes are printed on polymer, which is a type of polypropylene plastic. The Reserve Bank began circulating polymer banknotes in May 1999. Until then, New Zealand’s banknotes were printed on paper made from cotton.
What is the story behind the 5 dollar note NZ?
The New Zealand five-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. The note originally had an image of Queen Elizabeth II on the front; since 1992 it has had an image of Sir Edmund Hillary.
What was the old money system in NZ called?
The pound (symbol £, or £ NZ for distinction) was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the British pound, it was subdivided into 20 shillings (symbol s or /-) each of 12 pence (symbol d).
Why does New Zealand have a picture of a Kiwi on its money?
Kiwi are a symbol for the uniqueness of New Zealand wildlife and the value of our natural heritage. He said that around 1905 the kiwi was being used to represent New Zealand in cartoons, including depictions of the All Blacks team. Before World War I New Zealanders didn’t refer to themselves as Kiwis.
Why is the Queen on New Zealand money?
NZ$20 Queen Elizabeth II Queen Elizabeth acknowledges New Zealand events and commemorates the service of New Zealanders in the armed forces. She has visited New Zealand 10 times, meeting New Zealanders from all over the country from different cultures.
What is on the 20 dollar note NZ?
The New Zealand twenty-dollar note is a New Zealand banknote. It was first issued on 10 July 1967 when New Zealand decimalised its currency, changing from the New Zealand pound to the New Zealand dollar. It has an image of Queen Elizabeth II on the front.
When did NZ stop using $1 notes?
1991
The New Zealand one-dollar note was introduced on 10 July 1967 to replace the ten-shilling note of the pre-decimal pound. It was withdrawn from circulation along with the two-dollar note in 1991, as one-dollar and two-dollar coins had commenced production the previous year.
Why is the Queen on the $20 dollar note NZ?
$20 Note – Queen Elizabeth II As New Zealand is a Commonwealth nation and constitutional monarchy, the Queen of England is also our Queen. She has reigned from the 6th of February 1952 until the present day and has been part of our currency for over 50 years (since 1967 and the Third issue of the currency).
When did New Zealand start making its own money?
Here is a brief history of our notes and coins. 1800s: A variety of foreign coins and notes are used around New Zealand before British currency becomes legal tender in 1858. 1870s: Maori feature on Bank of New Zealand notes. 1879: A penny bearing the legend “New Zealand” is made, but it isn’t known who made it.
What is the name of the currency in New Zealand?
A: The New Zealand currency is known as the New Zealand dollar. The currency was decimalized in 1967, and divided into 100 parts or cents.
When did the New Zealand pound become a dollar?
Decimalisation of the New Zealand currency occurred on 10 July 1967, when the New Zealand pound was replaced by the New Zealand dollar at a rate of one pound to two dollars (10 shillings to a dollar).
When did New Zealand start issuing decimal coins?
By 1933, it was obvious that something had to be done about the coin smuggling and the shortage of lower denomination coins in New Zealand. It was decided that New Zealand should start issuing currency from a single bank. The New Zealand Numismatic Society suggested that New Zealand adopt a decimal system of coinage.
