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New Zealand's banknotes were completely re-designed in the 1990s to introduce uniquely New Zealand designs. The $1 and $2 notes were removed from circulation, and replaced with coins. [ 4 ] The explorer Sir Edmund Hillary was depicted on the front of the five-dollar note, with Aoraki / Mount Cook , the tallest mountain in New Zealand at 12,316 ...
Anti-counterfeit money sign and examples of counterfeit notes received by a noodle shop in Kunming, Yunnan, China. Some of the ill-effects that counterfeit money has on society include: [3] [4] Companies are not being reimbursed for counterfeits. This has led to companies losing buying power. [30] As such, there is a reduction in the value of ...
The New Zealand one-dollar note was first issued by the Reserve Bank of New Zealand as part of the central bank’s third issue round on 10 July 1967. [2] This was the first time in which the official New Zealand currency was denominated in dollars and utilised the decimal system.
Section 154 of the Reserve Bank of New Zealand Act 2021 makes it an offence to wilfully deface, disfigure, or mutilate any bank note in New Zealand. The penalty is a fine of up to NZ $1,000. [ 37 ]
Bank note reporters helped merchants and bankers to authenticate notes by providing descriptions of genuine bank notes and up to date information on the latest counterfeit bills being passed around. While the notes of local banks generally traded at par because they could be readily redeemed at the bank for specie (i.e. silver or gold coins ...
The New Zealand fifty-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote. It was first issued in 1983. The note originally had an image of Queen Elizabeth II on the front; since 1992 it has had an image of Sir Āpirana Ngata. [1] [2]
The New Zealand one-hundred-dollar note is a New Zealand banknote. It is issued by the Reserve Bank of New Zealand and since 1999 has been a polymer banknote . It was first issued on 10 July 1967 when New Zealand decimalised its currency , changing from the New Zealand pound to the New Zealand dollar .
The first New Zealand banknotes were released on 1 August 1934, signed by the first Governor of the Reserve Bank, Leslie Lefeaux.The first issue was printed by Thomas de la Rue and his company based in London, and included notes with the denomination of 10/- (ten shillings), £1 (one pound), £5 and £50.