Recent trends and developments in currency

Alan Boaden
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Alan Boaden: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 2008, vol. 71

Abstract: This article will be the first in an annual series that reviews recent trends in the use of notes and coins in New Zealand, and that reports on developments of particular interest. The article describes: • the continuing growth in the value of currency in circulation, despite the popularity of electronic forms of payment; • the Reserve Bank’s new note processing machine and its operations; • some major changes in the pattern of demand for coins after the introduction of the new 10, 20 and 50 cent coins in July 2006; and • the recovery of the old ‘silver coins’ after they were ‘demonetised’ (declared no longer legal tender) in November 2006.

Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:nzb:nzbbul:march2008:3

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