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New Zealand dollar NZD
Among the huge number of currencies in the world, not a small share of all dollars. Most popular on our planet, perhaps the American dollar. Besides him there are other varieties, such as Australian, NZ dollars and others. New Zealand has long existed without its own banknotes, which contributed to the nineteenth century, the merchants of different countries. They brought their money that bought the goods they need. Could be found in circulation and the French coin, the money of UK and many other countries.
In 1897 was officially recognized in the country of the British currency. At the same time, six banks of New Zealand issued its own banknotes, even without coordinating each other's actions in issuing coins. It is noteworthy that each of them took money to another Bank, although he had the right to refuse customers. Only in 1924 the country was set uniform standards of currency, including the size and color of banknotes. British money stayed in circulation in New Zealand until 1935, and then was withdrawn from circulation.
The appearance NZD
Since 1967, appeared in circulation the dollars and cents that has become much more convenient to use units of money. The currency name was taken from birds, common in New Zealand. Since then, the banknotes in the country called "kiwi". For monetary policy of the country meets the Central Bank. The reserve Bank of New Zealand eight times a year can change the value of the official interest rate, which is the main adjustment lever of monetary policy.
* new Zealand bird
NZD in the foreign exchange market is a very popular currency. One of the most popular currency pairs, which are used by traders in the Forex market, is NZD/USD. Due to the high level of liquidity, the spread of this trading tool can be called relatively low.
New Zealand's Economy
One of the strengths of New Zealand's economy is agriculture. Farmers are closely monitoring all new, what can make them happy with technologists, working to improve the efficiency of the agricultural sector. Farmers cannot stop there, because unlike many countries, they don't have to wait for support from the state in the form of various subsidies. Agriculture in a country's exports is about half of cash flow.
Important role the economy plays the tourism, but to develop it and not just because of the geographical remoteness of Islands from Europe or the United States. Exports of manufactured goods also takes place in the economy of the country but is not a priority.
While NZD belongs to the category of commodity currencies. Traders have long noted a positive correlation of the new Zealand dollar with gold. Experts attribute this observation with a dense New Zealand's relations with Australia, which is the third country in the world in production of gold. When the value of the metal increases, it positively affects the growth rate of the Australian economy, and consequently on the economy of a neighbor.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 355
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