$NZ[1] | |||||
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| |||||
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 | ||||
Replaced | New Zealand pound | ||||
User(s) | ![]() | ||||
Issuance | |||||
Central bank | Reserve Bank of New Zealand | ||||
Website | rbnz.govt.nz | ||||
Printer | Note Printing Australia (provides base polymer note material) | ||||
Website | noteprinting.com | ||||
Mint | Primarily Royal Canadian Mint and Royal Mint (UK), others previously | ||||
Valuation | |||||
Inflation | 3.3% (New Zealand only) | ||||
Source | Reserve Bank of New Zealand, June 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]