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Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
The New Zealand driver licensing system is split into six classes of licence. Class 1 ("car licence") allows the driver to drive most cars, light vehicles, moped, tractor and all-terrain vehicles, while Class 6 ("motorcycle licence") allows the driver to ride a motorcycle. Classes 2, 3, 4, and 5 ("heavy vehicles licence") allow the driver to ...
The Overseas Investment Office is the New Zealand government agency responsible for regulating foreign direct investment into New Zealand. The Office is responsible for high value investments (2006: NZD $100m+), investments in sensitive land and investments in fishing quota .
New Zealand nationality law details the conditions by which a person is a national of New Zealand.The primary law governing these requirements is the Citizenship Act 1977, which came into force on 1 January 1978.
A specimen of a New Zealand eVisa confirmation letter, for a Visitor Visa. A New Zealand Visitor Visa label in a passport. Such labels are only issued upon request. Any person who is not a New Zealand citizen may only travel to New Zealand if holding a valid visa or is a person to whom a visa waiver applies. [51]
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The New Zealand dollar was initially pegged to both the British pound sterling and the United States dollar at NZ$1 = UK£ 1 ⁄ 2 = US$1.40. On 21 November 1967 sterling was devalued from UK£1 = US$2.80 to US$2.40 (see Bretton Woods system ), but the New Zealand dollar was devalued even more from NZ$1 = US$1.40 to US$1.12, to match the value ...
Due to New Zealand's geographic isolation, several centuries passed before the next phase of settlement, that of Europeans. Only then did the original inhabitants need to distinguish themselves from the new arrivals, using the adjective "māori" which means "ordinary" or "indigenous" which later became a noun although the term New Zealand native was common until about 1890.