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A final controversy occurred during the course of the election and transfer of government: during early 1984 Roderick Deane, then Deputy Governor of the Reserve Bank of New Zealand, became concerned that the New Zealand dollar (which had a fixed exchange-rate to the US dollar) had become significantly overvalued and was vulnerable to currency ...
The financial markets were also deregulated, removing restrictions on interests rates, lending and foreign exchange. In March 1985, the New Zealand dollar was floated . [ 230 ]