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Article: Recent trends and developments in currency.(New Zealand. Reserve Bank of New Zealand)(Statistical table)
- Article from:
- The Reserve Bank of New Zealand Bulletin
- Article date:
- March 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reserve Bank of New Zealand. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
The Reserve Bank has the sole right to issue currency--bank notes and coin--in New Zealand. Maintaining the supply, quality and integrity of the currency is one of the Reserve Bank's core functions. To fulfil this function, the Reserve Bank closely monitors trends in the demand for notes and coins, and undertakes bank note processing operations to maintain the quality, and to check the authenticity, of notes in circulation.
This article reports on:
* the continuing growth in the value of currency in circulation, despite the increasing popularity of electronic forms of payment;
* the Reserve Bank's new note processing ...