How many NZ dollars are in circulation?

How many NZ dollars are in circulation?

Cash in circulation increased by $1 billion dollars ahead of the covid-19 imposed lockdown in New Zealand, demonstrating that Kiwis are far from ready to live in a cashless society. By March this year, there were $7.32 billion of notes in circulation in the country.

Can you still use old NZ notes?

Old currency and legal tender Series 3, 4, 5, 6 and 7 of New Zealand banknotes – $5, $10, $20, $50 and $100 notes are legal tender, regardless of how old they are and what condition they are in. The current 10 cent, 20 cent, 50 cent, $1 and $2 coins are also legal tender.

Who is on the 50 dollar bill NZ?

Sir Āpirana Ngata
Sir Āpirana Ngata, a New Zealand politician who played an important role in the Māori Renaissance, was featured on the new fifty-dollar note.

Are $100 bills still in circulation?

The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the denominations of $500, $1,000, $5,000, and $10,000 were retired. As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.

When did 500 dollar bills go out of circulation?

On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

When did NZ get rid of paper money?

All decimal banknotes issued since 1967 remain legal tender except one-dollar and two-dollar notes, which were withdrawn in 1991. In general, the Reserve Bank will replace damaged notes as long as they are recognisable.

Where can I exchange my old money?

All these notes can be exchanged at the counters of any public sector bank branch, any currency chest branch of a private sector bank or any Issue Office of the Reserve Bank of India. There is no need to fill any form for doing this.

When did the 1 notes go out of circulation?

The Bank of England £1 note was a banknote of the pound sterling. After the ten shilling note was withdrawn in 1970, it became the smallest denomination note issued by the Bank of England….Designs.

First issued 13 September 1948
Last issued Unknown
Ceased to be legal tender 28 May 1962
Colour Green
Size 151 × 85 mm

Are there 500 dollar bills in circulation?

$500 Bill. Like all the bills featured here, the $500 bill remains legal tender. Most $500 notes in circulation today are in the hands of dealers and collectors. Although no longer in circulation, the $500 bill remains legal tender.

What are the denominations of the New Zealand dollar?

New Zealand bill denominations include: $5, $10, $20, $50, and $100, while coins include 10c , 20c, 50c, $1, and $2. The New Zealand currency is known as the New Zealand dollar. The currency circulates in New Zealand, Tokelau, Pitcairn Islands, Niue, and the Cook Islands.

Are there any New Zealand dollar banknotes in circulation?

e. New Zealand dollar banknotes are the banknotes in circulation in New Zealand, the Cook Islands, Tokelau, Niue and the Pitcairn Islands, denominated in the New Zealand dollar (symbol: $; ISO 4217 currency code NZD, also abbreviated NZ$). They are issued by the Reserve Bank of New Zealand and since 1999 have been made of polymer.

What was the main currency of New Zealand before 1967?

Prior to 10 July 1967, the New Zealand pound, using the £sd system, was the main currency of New Zealand. Since 1934, banknotes of the New Zealand pound were issued by the Reserve Bank of New Zealand, and came in denominations of 10s, £1, £5, £10, and £50.

How many New Zealand coins are in circulation?

There are five New Zealand coins currently in circulation − 10c, 20c, 50c, $1, $2. Each coin has 2 sides and an edge. The edge is sometimes called the third side. The front of a coin or ‘heads’ is called the obverse.