The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Data are disseminated in thousands of New Zealand dollars for bank notes in the hands of the public. The table includes all bank notes currently in circulation. It includes the New Zealand dollar (NZ$) series, which began circulation on 10 July 1967, and L.S.D. notes (the currency that was in circulation prior to 10 July 1967) that remain in the hands of the public. The series start in 1968.

Data are disseminated in thousands of New Zealand dollars at face value for coin mintings. This series represents coin ordered during the year, but not necessarily in circulation. The series start in 1967.

The Reserve Bank of New Zealand (the central bank) has a legal monopoly over the right to issue currency. In New Zealand, the New Zealand dollar is legal tender. As monetary liabilities of the central bank, the currency generally acts as the unit of account (or numeraire) for New Zealand – ie contracts are generally denominated in New Zealand dollars and cents (although there is no legal obligation to do so).

Mintage figures quoted are for circulation coin only and do not include collectors sets or individual collectors coins.

Periodicity

Annually

Timeliness

Data for Notes in the hands of the public is released in April and Coin mintings in November each year.

Access by the public

Advance release calendar

The “Advance Release Calendar” is updated and released each Friday on the website. This is a long-term plan of scheduled releases.

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

One of the Reserve Bank’s key statutory obligations is to provide New Zealand’s currency. The information in these tables is provided for reasons of public interest only.

Provision of information about revisions and advance notice of major changes in methodology

Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the Internet website under “Revisions to Tables”.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

Data are extracted from the RBNZ electronic system for recording movements (including new issues, re-issues and notes destroyed) in New Zealand currency.

Dissemination of ... that support statistical cross-check and provide assurance of reasonableness

The Reserve Bank of New Zealand (the central bank) has a legal monopoly over the right to issue currency and therefore the only provider of currency in New Zealand.