# New Zealand dollar

> currency of New Zealand

**Wikidata**: [Q1472704](https://www.wikidata.org/wiki/Q1472704)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/New_Zealand_dollar)  
**Source**: https://4ort.xyz/entity/new-zealand-dollar

## Summary
The New Zealand dollar (NZD) is the official currency of New Zealand, adopted on July 10, 1967, replacing the New Zealand pound. It is also used in the Cook Islands, Niue, and Tokelau, which are associated with New Zealand. The Reserve Bank of New Zealand is the central bank responsible for issuing and regulating the currency.

## Key Facts
- The New Zealand dollar was introduced on July 10, 1967, replacing the New Zealand pound.
- The currency is issued and regulated by the Reserve Bank of New Zealand, established in 1934.
- The NZD is used in New Zealand, the Cook Islands, Niue, and Tokelau.
- The currency is also known by the abbreviations NZD, NZ$, $, dollar, and dollars.
- The Pitcairn Islands, a British overseas territory, uses the New Zealand pound, not the NZD.
- The Reserve Bank of New Zealand has its headquarters in Wellington, New Zealand.
- The Cook Islands became associated with New Zealand on August 4, 1965.
- Niue gained independence in 1974, though it remains associated with New Zealand.
- Tokelau is a New Zealand territory in the Pacific Ocean.
- The New Zealand dollar is a member of the dollar currency family, like many other currencies worldwide.

## FAQs
**What is the official currency of New Zealand?**
The official currency of New Zealand is the New Zealand dollar (NZD), which was introduced in 1967. It is also used in the Cook Islands, Niue, and Tokelau.

**Who regulates the New Zealand dollar?**
The Reserve Bank of New Zealand, established in 1934, is responsible for issuing and regulating the NZD.

**When was the New Zealand dollar introduced?**
The NZD replaced the New Zealand pound on July 10, 1967.

**Where is the New Zealand dollar used?**
The NZD is used in New Zealand, the Cook Islands, Niue, and Tokelau. The Pitcairn Islands, however, use the New Zealand pound.

**What is the relationship between New Zealand and the Cook Islands?**
The Cook Islands became associated with New Zealand on August 4, 1965, and the NZD is used there.

**What is the Reserve Bank of New Zealand’s role?**
The Reserve Bank of New Zealand is the central bank of New Zealand, responsible for issuing and regulating the NZD, as well as managing monetary policy.

## Why It Matters
The New Zealand dollar plays a crucial role in the economy of New Zealand and its associated territories. Its adoption in 1967 marked a shift from the New Zealand pound, reflecting the country’s growing independence from British monetary policy. The Reserve Bank of New Zealand’s oversight ensures economic stability and currency control. The NZD’s use in the Cook Islands, Niue, and Tokelau further solidifies New Zealand’s influence in the Pacific region. As a member of the dollar currency family, it facilitates international trade and financial transactions, contributing to New Zealand’s economic resilience.

## Notable For
- Being the official currency of New Zealand since 1967.
- Being used in the Cook Islands, Niue, and Tokelau.
- Being regulated by the Reserve Bank of New Zealand, established in 1934.
- Having the Reserve Bank of New Zealand headquartered in Wellington.
- Being part of the dollar currency family, like many other global currencies.

## Body
### History
The New Zealand dollar replaced the New Zealand pound on July 10, 1967, marking a significant shift in New Zealand’s monetary policy. The Reserve Bank of New Zealand, established in 1934, became the central bank responsible for issuing and regulating the NZD. The currency’s introduction reflected New Zealand’s growing independence from British monetary control.

### Geographic Use
The NZD is used in New Zealand, the Cook Islands, Niue, and Tokelau. The Cook Islands became associated with New Zealand on August 4, 1965, while Niue gained independence in 1974. Tokelau is a New Zealand territory in the Pacific Ocean. In contrast, the Pitcairn Islands, a British overseas territory, use the New Zealand pound.

### Economic Role
The Reserve Bank of New Zealand plays a crucial role in managing the NZD, ensuring economic stability and currency control. The currency’s use in multiple territories strengthens New Zealand’s economic influence in the Pacific region. As part of the dollar currency family, the NZD facilitates international trade and financial transactions.

### Related Entities
The New Zealand dollar is connected to several key entities:
- **Reserve Bank of New Zealand**: The central bank responsible for issuing and regulating the NZD.
- **New Zealand**: The island country where the NZD is the official currency.
- **Cook Islands**: A country in free association with New Zealand that uses the NZD.
- **Niue**: An island country in free association with New Zealand that uses the NZD.
- **Tokelau**: A New Zealand territory in the Pacific Ocean that uses the NZD.
- **Pitcairn Islands**: A British overseas territory that uses the New Zealand pound instead of the NZD.

## References

1. Freebase Data Dumps. 2013
2. Quora