New Zealand dollar

New Zealand dollar

New Zealand dollar (English) tāra o Aotearoa (Māori) $NZ[1]
$100 banknote, obverse $1 coin, depicting the Kiwi on the reverse, from where the currency gets its informal name, the Kiwi dollar
ISO 4217
Code	NZD (numeric: 554)
Subunit	0.01
Unit
Unit	dollar
Symbol	$‎
Nickname	kiwi
Denominations
Subunit
1⁄100	cent
Symbol
cent	c
Banknotes
Freq. used	$5, $10, $20, $50, $100
Coins
Freq. used	10c, 20c, 50c, $1, $2
Demographics
Date of introduction	July 10, 1967; 56 years ago (1967-07-10)
Replaced	New Zealand pound
User(s)	New Zealand 4 New Zealand dependent territories  Cook Islands  Niue  Tokelau  Ross Dependency 1 British Overseas Territory  Pitcairn Islands
Issuance
Central bank	Reserve Bank of New Zealand
Website	www.rbnz.govt.nz
Printer	Note Printing Australia (provides base polymer note material)
Website	www.noteprinting.com
Mint	Primarily Royal Canadian Mint and Royal Mint (UK), others previously
Valuation
Inflation	4.0% (New Zealand only)
Source	Reserve Bank of New Zealand, March 2024
Pegged by	Cook Islands dollar (historical), Niue dollar and Pitcairn Islands dollar (all at par)

The New Zealand dollar (Māori: tāra o Aotearoa; sign: $; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands.^[2] Within New Zealand, it is almost always abbreviated with the dollar sign ($). The abbreviations "$NZ"^[1] or "NZ$" are used (outside New Zealand) when necessary to distinguish it from other dollar-denominated currencies.

The New Zealand dollar was introduced in 1967. It 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",^[3] since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.^[4]