New Zealand dollar

The New Zealand dollar (sign: $; code: NZD, also abbreviated NZ$) (Māori: tāra o Aotearoa) 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.[1] Within New Zealand, it is almost always abbreviated with the dollar sign ($), with "NZ$" sometimes used to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is rarely informally called the "Kiwi" or "Kiwi dollar",[2] since New Zealand is commonly associated with the kiwi and the one-dollar coin depicts the indigenous bird on its reverse.

New Zealand dollar
New Zealand dollar (English)
tāra o Aotearoa (Māori)
$1 coin reverse
ISO 4217
CodeNZD
Number554
Exponent2
Denominations
Subunit
1/100cent
Symbol$, NZ$
centc
Nicknamekiwi
Banknotes
Freq. used$5, $10, $20, $50, $100
Rarely usedNo longer in use: $1, $2
Coins
Freq. used10c, 20c, 50c, $1, $2
Demographics
Official user(s) New Zealand
 Cook Islands, alongside Cook Islands dollar
 Niue
 Pitcairn Islands (UK)
Ross Dependency (New Zealand)
 Tokelau (New Zealand)
Unofficial user(s) Fiji
 New Caledonia (France)
 Samoa
 Tonga
 Vanuatu
Issuance
Central bankReserve Bank of New Zealand
Websitewww.rbnz.govt.nz
PrinterNote Printing Australia (provides base polymer note material)
Websitewww.noteprinting.com
MintPrimarily Royal Canadian Mint and Royal Mint (UK), others previously
Valuation
Inflation1.5% (New Zealand only)
SourceReserve Bank of New Zealand, August 2020
Pegged byCook Islands dollar, Niue dollar and Pitcairn Islands dollar (all at par)

Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs.

The New Zealand dollar is the eleventh most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.[3]