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Recent trends and developments in currency

Author

Listed:
  • Alan Boaden
  • Kristin Langwasser

    (Reserve Bank of New Zealand)

Abstract

This article reviews trends in the use of currency in New Zealand and reports developments of particular interest. The value of currency in circulation continues to grow, but there was an unusual increase in high-denomination notes late in 2008, associated with public nervousness about the state of the financial sector. Our review of the quality of one denomination of banknotes in circulation suggests that they meet our high quality standards, and our checking of the authenticity of bank notes indicates that the rate of counterfeiting is very low by international standards. Finally, coin issuance continues at high rates, most likely as the public are still filling stores of coins at home.

Suggested Citation

  • Alan Boaden & Kristin Langwasser, 2009. "Recent trends and developments in currency," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 23-30, March.
    • Handle: RePEc:nzb:nzbbul:march2009:4
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2009/2009mar72-1boadenlangwasser.pdf
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    References listed on IDEAS

    as
    1. Don Oliver, 2008. "Establishing technical specifications for New Zealand’s new 10 cent, 20 cent and 50 cent coins," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, June.
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