New Zealand dollar
$
The New Zealand dollar (tāra o Aotearoa; sign: $, NZ$; code: NZD) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($). "$NZ" or "NZ$" are sometimes used when necessary to distinguish it from other dollar-denominated currencies.Introduced in 1967, the dollar is subdivided into 100 cents. Altogether it has five coins and five banknotes with the smallest being the 10-cent coin; smaller denominations have been discontinued due to inflation and production costs.
In the context of currency trading, the New Zealand dollar is sometimes informally called the "Kiwi" or "Kiwi dollar", since the flightless bird, the kiwi, is depicted on its one-dollar coin. It is the tenth most traded currency in the world, representing 2.1% of global foreign exchange market daily turnover in 2019.
Country
-
Cook Islands
Since 2001, the Cook Islands has run its own foreign and defence policy. In recent decades, the Cook Islands have adopted an increasingly assertive foreign policy, and a Cook Islander, Henry Puna, currently serves as Secretary General of the Pacific Islands Forum. Most Cook Islanders are citizens of New Zealand, but they also have the status of Cook Islands nationals, which is not given to other New Zealand citizens. The Cook Islands have been an active member of the Pacific Community since 1980. -
New Zealand
The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs signed the Treaty of Waitangi, which in its English version declared British sovereignty over the islands. In 1841, New Zealand became a colony within the British Empire. Subsequently, a series of conflicts between the colonial government and Māori tribes resulted in the alienation and confiscation of large amounts of Māori land. New Zealand became a dominion in 1907; it gained full statutory independence in 1947, retaining the monarch as head of state. Today, the majority of New Zealand's population of 5.1 million is of European descent; the indigenous Māori are the largest minority, followed by Asians and Pacific Islanders. Reflecting this, New Zealand's culture is mainly derived from Māori and early British settlers, with recent broadening of culture arising from increased immigration. The official languages are English, Māori, and New Zealand Sign Language, with the local dialect of English being dominant. -
Niue
Niue is a self-governing state in free association with New Zealand, and New Zealand conducts most diplomatic relations on its behalf. As part of the Realm of New Zealand, Niueans are citizens of New Zealand and Charles III is Niue's head of state in his capacity as King of New Zealand. Between 90% and 95% of Niuean people live in New Zealand, along with about 70% of the speakers of the Niuean language. Niue is a bilingual country, with 30% of the population speaking both Niuean and English. The percentage of monolingual English-speaking people is only 11%, while 46% are monolingual Niuean speakers. -
Tokelau
Tokelau has a population of approximately 1,500 people; it has the fourth-smallest population of any sovereign state or dependency in the world. As of the 2016 census, around 45% of its residents had been born overseas, mostly in Samoa or New Zealand. The populace has a life expectancy of 69, which is comparable to that of other Oceanian island nations. Approximately 94% of the population speak Tokelauan as their first language. Tokelau has the smallest economy of any nation, although it is a leader in renewable energy, being the first 100% solar-powered nation in the world.