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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 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 ...
Belize (Belizean dollar pegged at 2:1 but the United States dollar is accepted) Bermuda (Bermudian dollar pegged at 1:1 but the United States dollar is accepted) Cambodia (uses the Cambodian riel for many official transactions but most businesses deal exclusively in dollars for all but the cheapest items. Change is often given in a combination ...
The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper. Larger denominations of the New Zealand dollar are minted as ...
The British Overseas Territories of Gibraltar, the Falkland Islands and St. Helena continue to operate currency boards, backing their locally printed currency notes with sterling reserves. [ 5 ] A gold standard is a special case of a currency board where the value of the national currency is linked to the value of gold instead of a foreign ...
The New Zealand two-dollar note was a banknote of the New Zealand dollar in circulation from 1967 until 1991. The note introduced on 10 July 1967, replacing the £1 note . In 1981, the fourth series of banknotes were released with minor drawing changes and a portrait update of Queen Elizabeth II on the obverse.
[2] [3] New Zealand was the last Dominion to establish a national currency. [3] The Reserve Bank has released seven different issues of New Zealand bank notes; two issues took place when the New Zealand pound was the national currency, and the remaining five issues have taken place since New Zealand switched to decimal currency in 1967. [2]
The East Caribbean dollar is pegged to the dollar at a fixed rate of 2.7:1, and is used by all of the countries and territories of the OECS other than the British Virgin Islands. In Lebanon, one dollar is equal to 15000 Lebanese pounds, and is used interchangeably with local currency as de facto legal tender. [22] The exchange rate between the ...