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New Zealand One-dollar Coin
The New Zealand one-dollar coin ($1) is a coin of the New Zealand dollar. The current circulating coin was introduced on 11 February 1991 to replace the existing $1 note. There had previously been occasional issues of commemorative "silver dollars", but they are rarely seen in circulation. The depiction of a kiwi on the reverse helps give the New Zealand dollar the colloquial name "Kiwi (dollar)", although the term was in use before the $1 coin was introduced. Both the $1 and $2 coins are gold-coloured, and requests for a Koha, donation or entry fee sometimes say ''gold coin please.'' Current circulating coin (1991–present) The current coin replaced the New Zealand one dollar note in use since New Zealand's currency was decimalised on 10 July 1967. The reason for replacing the note was due to inflation making the note more expensive to produce, and notes had to be replaced regularly due to wear and tear. The $1 coins, and $2 coins, were first minted in 1990 but circulated i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Dollar
The New Zealand dollar ( mi, tāra o Aotearoa; sign: $, NZ$; 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. Within New Zealand, it is almost always abbreviated with the dollar sign ($). "$NZ" or "NZ$" are sometimes used when necessary to distinguish it from other dollar-denominated currencies. Introduced in 1967, the dollar 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", since the flightless bird, the Kiwi (bird), kiwi, is depicted on its New Zealand one-dollar coin, one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Introduced In 1991
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian One-dollar Coin
The Australian one-dollar coin is the second most valuable circulation denomination coin of the Australian dollar after the two-dollar coin; there are also non-circulating legal-tender coins of higher denominations (five-, ten-, two-hundred-dollar coins and the one-million-dollar coin). It was first issued on 14 May 1984 to replace the one-dollar note which was then in circulation, although plans to introduce a dollar coin had existed since the mid-1970s. The first year of minting saw 186.3 million of the coins produced at the Royal Australian Mint in Canberra. Four portraits of Queen Elizabeth II have featured on the obverse, the 1984 head of Queen Elizabeth II by Arnold Machin; between 1985 and 1998, the head by Raphael Maklouf; between 1999 and 2009, the head by Ian Rank-Broadley; and since 2019, the effigy of Elizabeth II by artist Jody Clark has been released into circulation. The coin features an inscription on its obverse of AUSTRALIA on the right-hand side and ELIZABE ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles III
Charles III (Charles Philip Arthur George; born 14 November 1948) is King of the United Kingdom and the 14 other Commonwealth realms. He was the longest-serving heir apparent and Prince of Wales and, at age 73, became the oldest person to accede to the British throne following the death of his mother, Elizabeth II, on 8 September 2022. Charles was born in Buckingham Palace during the reign of his maternal grandfather, King George VI, and was three when his mother ascended the throne in 1952, making him the heir apparent. He was made Prince of Wales in 1958 and his investiture was held in 1969. He was educated at Cheam and Gordonstoun schools, as was his father, Prince Philip, Duke of Edinburgh. Charles later spent six months at the Timbertop campus of Geelong Grammar School in Victoria, Australia. After earning a Bachelor of Arts degree from the University of Cambridge, Charles served in the Air Force and Navy from 1971 to 1976. In 1981, he married Lady Diana Spencer, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queen Of New Zealand
The monarchy of New Zealand is the Constitution of New Zealand, constitutional system of government in which a Hereditary monarchy, hereditary monarch is the sovereign and head of state of New Zealand. The current monarch, King Charles III, ascended the throne following the death of his mother, Queen Elizabeth II, on 8 September 2022. The King's eldest son, William, Prince of Wales, is the heir apparent. The Treaty of Waitangi between Queen Victoria and Māori people, Māori chiefs () was signed in 1840, and as a result, the Monarchy of the United Kingdom, British sovereign became New Zealand's head of state. New Zealand gradually became Independence of New Zealand, independent from Britain and the monarchy evolved to become a distinctly New Zealand institution, represented by #Royal symbols, unique symbols. The New Zealand monarch is currently shared with Commonwealth realm, 14 other countries (realms) within the Commonwealth of Nations, all independent and the monarchy of eac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raphael Maklouf
Raphael David Maklouf (born 10 December 1937) is a British sculpture, sculptor, best known for designing an effigy of Elizabeth II of the United Kingdom, Queen Elizabeth II used on the coins of many Commonwealth of Nations, Commonwealth nations. Maklouf was born in Jerusalem, to a Jewish family; his father was Samuel Maklouf (1911–1990, born in Safed, then in Palestine); his mother was Leonie Maklouf (born in Saarbrücken, Germany, 1915). The family emigrated to the United Kingdom after the World War II, Second World War. Raphael Maklouf attended the Camberwell School of Art until 1958, afterwards becoming an academic lecturer for ten years. He was made an Associate of the Royal Society of British Sculptors in 1979. Two of his designs were selected for British coinage on 8 August 1984, one for general circulation and another for commemorative issues. They were used on the coins of several countries from 1985 to 1997. His initials, RDM, are engraved at the base of the Queen's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of New Zealand
The Reserve Bank of New Zealand (RBNZ, mi, Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Adrian Orr. Employees of the bank operate under the framework of a managerial hierarchy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions. Ownership The Reserve Bank has been wholly owned by the New Zealand Government since 1936. The Reserve Bank is established by an Act of Parliament (the Reserve Bank of New Zealand Act 1989) and it has statutory independence. The Reserve Bank is accountable to Parliament and provides an annual dividend to the Government. Monetary policy Primary Functions The Reserve Bank's primary functio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminium Bronze
Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper, in contrast to standard bronze (copper and tin) or brass (copper and zinc). A variety of aluminium bronzes of differing compositions have found industrial use, with most ranging from 5% to 11% aluminium by weight, the remaining mass being copper; other alloying agents such as iron, nickel, manganese, and silicon are also sometimes added to aluminium bronzes. Compositions The following table lists the most common standard aluminium bronze wrought alloy compositions, by ISO 428 designations. The percentages show the proportional composition of the alloy by weight. Copper is the remainder by weight and is not listed: Material properties Aluminium bronzes are most valued for their higher strength and corrosion resistance as compared to other bronze alloys. These alloys are tarnish-resistant and show low rates of corrosion in atmospheric conditions, low oxidation rates at high temp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decimalised
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are to a power of 10, most commonly 100, and exceptionally 1000; and sometimes at the same time changing the name of the currency or the conversion rate to the new currency. Today, only two countries have non-decimal currencies: Mauritania, where 1 ouguiya = 5 khoums, and Madagascar, where 1 ariary = 5 iraimbilanja. However, these are only theoretically non-decimal, as, in both cases, the value of the main unit is so low that the sub-units are too small to be of any practical use and coins of the sub-units are no longer used. Russia was the first country to convert to a decimal currency when it decimalised under Tsar Peter the Great in 1704, resulting in the ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth II Of The United Kingdom
Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until her death in 2022. She was queen regnant of 32 sovereign states during her lifetime, and was head of state of 15 realms at the time of her death. Her reign of 70 years and 214 days was the longest of any British monarch and the longest verified reign of any female monarch in history. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon the abdication of his brother Edward VIII, making the ten-year-old Princess Elizabeth the heir presumptive. She was educated privately at home and began to undertake public duties during the Second World War, serving in the Auxiliary Territorial Service. In November 1947, she married Philip Mountbatten, a former prince of Gre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Koha (custom)
''Koha'' is a New Zealand Māori custom which can be translated as gift, present, offering, donation or contribution. Traditional usage Koha is an example of the reciprocity which is a common feature of much Māori tradition, and often involves the giving of gifts by visitors (''manuhiri'') to a host marae. Traditionally this has often taken the form of food although taonga (treasured possessions) are also sometimes offered as koha, and in modern times money.''"Marae Procedure (Kawa)"'' , The University of Waikato The koha reflects the of both the giver and the recipient, reflecting what the giver is able to give, and the esteem they hold of the person or group they are making the gift to – and hence plays an im ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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