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New Zealand One-cent Coin
The New Zealand one-cent coin was the smallest denomination coin of the New Zealand dollar from the currency's introduction in 1967 to its demonetisation, along with the two-cent coin, on 30 April 1990.http://www.rbnz.govt.nz/notes-and-coins/coins/history-of-new-zealand-coinage With a diameter of 17.53 millimetres, it is the smallest coin ever issued of the dollar, and at 2.07 grams in mass the lightest as well. Its reverse featured a fern leaf, a sign of New Zealand, associated also with its national rugby union team. The image was designed by Reginald George James Berry, who designed the reverses for all coins introduced that year. History Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound, which was pegged to the British pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. Although New Zealand's previous one-penny coin was 1/240 of a pound, the one-cent coin was made as an exact replacement fo ... [...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] |
British Pound
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and regu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1967 In New Zealand
The following lists events that happened during 1967 in New Zealand. Population * Estimated population as of 31 December: 2,745,000 * Increase since 31 December 1966: 33,700 (1.24%) * Males per 100 females: 100.2 Incumbents Regal and viceregal *Head of State – Elizabeth II *Governor-General – Brigadier Sir Bernard Fergusson GCMG GCVO DSO OBE, followed by Sir Arthur Porritt Bt GCMG GCVO CBE. Government The 35th Parliament of New Zealand commenced, with the second National government in power. *Speaker of the House – Roy Jack.Lambert & Palenski: ''The New Zealand Almanac'', 1982. *Prime Minister – Keith Holyoake *Deputy Prime Minister – Jack Marshall. *Minister of Finance – Harry Lake until 21 February (death), then Robert Muldoon. *Minister of Foreign Affairs – Keith Holyoake. *Attorney-General – Ralph Hanan. * Chief Justice — Sir Richard Wild Parliamentary opposition * Leader of the Opposition – Norman Kirk (Labour). * Leader of the Social Credit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coins Of New Zealand
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as banknotes of the New Zealand dollar. History Pre-dollar Prior to 10 July 1967, the New Zealand pound, using the £sd system, was the currency of New Zealand. Coins of the pound tend to follow the size, weight, and composition of their British counterparts. The main coins in usage were the halfpenny (d), penny (1d), threepence (3d), sixpence (6d), shilling (1s), florin (2s), and halfcrown (2s 6d). First coins 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 s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coins Of The New Zealand Dollar
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as banknotes of the New Zealand dollar. History Pre-dollar Prior to 10 July 1967, the New Zealand pound, using the £sd system, was the currency of New Zealand. Coins of the pound tend to follow the size, weight, and composition of their British counterparts. The main coins in usage were the halfpenny (d), penny (1d), threepence (3d), sixpence (6d), shilling (1s), florin (2s), and halfcrown (2s 6d). First coins 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 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] |
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] |
Coins Of The Pound Sterling
The standard circulating coinage of the United Kingdom, British Crown Dependencies and British Overseas Territories is denominated in pennies and pounds sterling ( symbol "£", commercial GBP), and ranges in value from one penny sterling to two pounds. Since decimalisation, on 15 February 1971, the pound has been divided into 100 (new) pence. Before decimalisation, twelve pence made a shilling, and twenty shillings made a pound. British coins are minted by the Royal Mint in Llantrisant, Wales. The Royal Mint also commissions the coins' designs. In addition to the circulating coinage, the UK also mints commemorative decimal coins (crowns) in the denomination of five pounds. Ceremonial Maundy money and bullion coinage of gold sovereigns, half sovereigns, and gold and silver Britannia coins are also produced. Some territories outside the United Kingdom, which use the pound sterling, produce their own coinage, with the same denominations and specifications as the UK co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Queen Elizabeth II
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 Death and state funeral of Elizabeth II, her death in 2022. She was queen regnant of List of sovereign states headed by Elizabeth II, 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 List of monarchs in Britain by length of reign, longest of any British monarch and the List of longest-reigning monarchs, 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 Abdication of Edward VIII, the abdication of his brother Edward VIII, making the ten-year-old Princess Elizabeth the heir presumptive. She was educated privat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arnold Machin
Arnold Machin OBE, R.A., FRSS (; 30 September 1911 – 9 March 1999) was a British artist, sculptor, and coin and postage stamp designer. Life Machin was born Stoke-on-Trent in 1911. He started work at the age of 14 as an apprentice china painter at the Minton Pottery. During the Depression he learnt to sculpt at Stoke-on-Trent College of Art, which was opposite the Minton factory. In the 1930s he moved to Derby, where he worked at Royal Crown Derby and met his wife Patricia. He went on to study at the Royal College of Art in London. After imprisonment in the Second World War as a conscientious objector, he returned to modelling and sculpture, and created many notable ceramics which are now prized collectors' items. In 1947 he was elected an associate member of the Royal Academy of Arts, was a Master of Sculpture from 1959 to 1966 and became the longest-serving member of the Academy. He was elected an Academician in 1956 and a Fellow of the Royal British Society of Sculptors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Pound
The pound (symbol £, £NZ. for distinction) was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 penny, pence (symbol d). History Up until the outbreak of the World War I, First World War, the New Zealand pound was at parity with one pound sterling. As a result of the great depression of the early 1930s, the New Zealand agricultural export market to the UK was badly affected. Australian banks, which controlled the New Zealand exchanges with London, devalued the New Zealand pound to match the value of the Australian pound in 1933, from parity or £NZ 1 = £1 sterling to £NZ 1 = 16s sterling (£0.8). In 1948 it returned to parity with sterling or £NZ.1 = £1 sterling. In 1967, New Zealand decimalised its currency, replacing the pound with the New Zealand dollar, dollar at a rate of $NZ 2 = £NZ 1 (o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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