Search results
The pound (symbol £, £NZ. [2] for distinction) was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 pence (symbol d ).
- History of pound sterling in Oceania
New Zealand joined the sterling area in 1939 at the outbreak...
- Coins of the New Zealand pound
Upon taking effect on 10 July 1967, the act abolished the...
- Penny (New Zealand pre-decimal coin)
The New Zealand penny is a large bronze coin issued from...
- History of pound sterling in Oceania
Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the £sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, a system which by the 1950s was considered ...
People also ask
Why was the New Zealand Pound introduced?
When did New Zealand join the pound?
What currency does New Zealand use?
What was New Zealand's link to the pound sterling?
Jan 13, 2024 · New Zealand Currency Background. The New Zealand dollar trades under the symbol NZD or NZ$. It floated on March 4, 1985, at an initial exchange rate of 44 cents against the U.S. dollar. The ...
The New Zealand shilling was first issued in 1933 alongside four other denominations of New Zealand pound coinage, introduced due to shortages of comparable British silver coinage following the devaluation of the New Zealand pound relative to the pound sterling. Roughly 24 mm in diameter, it is slightly larger than the British coin it replaced.
