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The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.
In 1953, he was appointed the third chief cashier of the Reserve Bank of New Zealand. He remained chief cashier for 11 years. As with the Chief Cashier of the Bank of England , [ 2 ] between 1940 and 1984, New Zealands banknotes were signed by the chief cashier. [ 1 ]
In 1934, the Reserve Bank of New Zealand was established as the country's central bank. Its primary objective was to regulate monetary policy, maintain price stability, and promote the stability and efficiency of the financial system. The Reserve Bank was granted the authority to issue and regulate currency, supervise banks, and manage foreign ...
Adrian Orr is a New Zealand economist and former Governor of the Reserve Bank of New Zealand. He resigned in March 2025, three years before his contract was due to terminate. He resigned in March 2025, three years before his contract was due to terminate.
European Central Bank (De Nederlandsche Bank) 1814 New Caledonia: CFP franc: Overseas Issuing Institute as part of the CFP: Institut d'émission d'outre-mer New Zealand: New Zealand dollar: Reserve Bank of New Zealand: Te Pūtea Matua: 1934 Nicaragua: Nicaraguan córdoba: Central Bank of Nicaragua: Banco Central de Nicaragua: 1960 Niger: West ...
Brash was Governor of the Reserve Bank of New Zealand for fourteen years from 1988 to April 2002. He resigned to stand as a list MP for the National Party in the 2002 general election . [ 1 ] Brash was ranked high on the party list and so was elected, despite the Bill English -led National Party being heavily defeated.
The word city took on two meanings in New Zealand after the local government reforms of 1989. Before the reforms, a borough that had a population of 20,000 or more could be proclaimed a city. [ 1 ] The boundaries of councils tended to follow the edge of the built-up area, so there was little difference between the urban area and the local ...
New Zealand registered branch of offshore banking group Auckland, New Zealand: Heartland Bank: 17 December 2012 New Zealand listed retail bank: Publicly listed on New Zealand Exchange: 0.7% (2022) Auckland, New Zealand: Kiwibank: 29 November 2001 New Zealand State owned retail bank: 9% (2022) [7] Invercargill, New Zealand: SBS Bank: 7 October ...