Rare, century-old NZ stamp fetches record price at auction
Rare, century-old NZ stamp fetches record price at auction
6 months ago
1news.co.nz
NZ Dollar Coin: Design, Value, and Collectibility Guide
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#Throwback to 1967, when Aotearoa New Zealand adopted decimal currency – changing from pounds and pence, to dollars and cents. This was a big step in the evolution of New Zealand’s money, which is still ever-changing. It was critical that supplies of new banknotes and coins were available in all banks prior to the 10th of July. ‘Operation Overlander’ shown in this newsreel clip saw $120 million of currency, weighing 730 tons, sent to almost 600 banks. It arrived by plane, ferry, truck and train
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#Throwback to 1967, when Aotearoa New Zealand adopted decimal cur…
197 views4 months ago
FacebookReserve Bank of NZ
The 10th of July marks 50 years since New Zealand abandoned pounds, shillings and pence and adopted decimal currency. Do you remember the jingle used - "Don't shed a tear in July next year, for cumbersome pounds and pence," This jingle was used to promote the new currency. The move, radical as it was, was quickly accepted by New Zealanders. But at the same time the economy faced a major decline in agricultural prices. It took much longer for the country to come to grips with that change. - teara
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