Introduction: New Zealand uses the New Zealand Dollar (NZD) as its currency.
Overview: The NZD is the official currency of New Zealand and its territories, including the Cook Islands, Niue, Tokelau, and the Pitcairn Islands.
History: The NZD was introduced in 1967 to replace the New Zealand pound. The currency is managed by the Reserve Bank of New Zealand.
Denominations: The NZD is available in banknotes of $5, $10, $20, $50, and $100, and coins of 10c, 20c, 50c, $1, and $2.
Exchange Rate: The exchange rate of the NZD varies against other major currencies and is influenced by factors such as interest rates, economic performance, and global market conditions.
International Usage: While primarily used in New Zealand, the NZD is also accepted in some Pacific Island nations and is traded internationally on foreign exchange markets.
Security Features: NZD banknotes incorporate advanced security features, including holographic elements, raised prints, and unique serial numbers to prevent counterfeiting.
Conclusion: The New Zealand Dollar is the official currency of New Zealand and its territories. It is widely accepted within the country and has a stable exchange rate influenced by various economic factors.
