New Zealand Dollar

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New Zealand Dollar

The currency of New Zealand. It was introduced in 1967, replacing the New Zealand pound. It was initially pegged to gold through the U.S. dollar. After the end of the Bretton Woods system, it remained pegged to gold, then later to a currency basket. It has been a floating currency since 1985.
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Table 1 shows that in New Zealand currency terms, $66 billion of net investment-income debits accrued to the balance of payments between the 1987 and 2000 March years, of which $52 billion accrued after 1990 and $33 billion after 1995.
Purchase of New Zealand dollar-denominated financial assets such as shares, debentures and bank deposits: the overseas investors hold their accrued profits in liquid or near-liquid form within the New Zealand currency area, which means that a future decision to shift these funds to other countries would involve converting them through the foreign exchange market.
This was attributable to a decline in the New Zealand currency which increased foreign program costs.
Summary: In a radio interview broadcast within the past hour, New ZealandEoe1/4aos Deputy Prime Minister Bill English stated that a strong New Zealand currency will make.
In a radio interview broadcast within the past hour, New Zealand's Deputy Prime Minister Bill English stated that a strong New Zealand currency will make it tough for the economy to recover.
An analyst said that the Australian dollar would definitely outperform the New Zealand currency unless the RBA announced a rate cut next month.
Shareholders recorded as domiciled in New Zealand will be paid their dividends on March 26, 1998 in New Zealand currency at the Bank of New Zealand's telegraphic transfer buying rate for Australian currency on March 12, 1998.

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