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It was in discussing the reasons for the recent deviation of the domestic pound against sterling that the purchasing power parity doctrine was first used in New Zealand exchange rate policy deliberations.
Fiona Mackenzie, Head of Market Products for the New Zealand Exchange, echoed Mr.
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Diligent is traded on the New Zealand Exchange under the symbol DIL.
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In addition to a license fee paid to ITEX Corporation, the New Zealand exchange will pay royalties to ITEX on its domestic earnings.
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