New Zealand Pound


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New Zealand Pound

The former currency of New Zealand. It was pegged to the British pound and was replaced by the New Zealand dollar in 1967.
References in periodicals archive ?
Until the late 1920s, New Zealand trading banks managed domestic credit conditions to maintain a de facto fixed exchange rate close to parity between the New Zealand pound and the British pound (Hawke, 1973, pp 17, 19).
Niemeyer's report advised that the central bank should maintain a fixed exchange rate for the New Zealand pound, with the exchange rate to the British pound being at or near parity (Niemeyer, 1931).
While the New Zealand Government's decision to devalue the New Zealand pound in 1933 has received attention from economic historians (Hawke, 1985; Endres, 1990), the theoretical background to economists' ideas on exchange rates, which formed the basis of the Economic Committee's devaluation recommendations, remain largely undocumented.
By 1931 the New Zealand pound had depreciated around 10 percent against the pound sterling, compared to 1928 values.
The exchange rate was under pressure via the sterling reserve mechanism; as Hawke has shown, the 'failure of the banks to distinguish between New Zealand and Australia' meant that the New Zealand pound was discounted against the sterling.
New Zealand pounds 20,000 a season, but the likes of Dan Carter banks pounds 150,000 on a central contract.
Stoneleigh Sauvignon Blanc 2005, New Zealand pounds 6.
FIVE-night stay at Treetops Lodge & Estate (right) in secluded Rotorua, New Zealand pounds 2,000
Matua Old Vine Pinot Noir, Marlborough, New Zealand pounds 2 off now pounds 7.
Fly-half Botica returns home to New Zealand pounds 150,000 richer at the end of the season thanks to a controversial clause in his contract.
3 E Els South Africa pounds 1,150,6005 M Campbell New Zealand pounds 1,077,051
Mr Talfryn, whose business uses accelerated learning techniques, said that in New Zealand pounds 21m a year was invested in 11,000 students learning Maori and in the Basque Country pounds 22m25mfor 40,000 learners.

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