Recent trends and developments in currency 2011/2012

Release date
01/12/2012
Reference
Vol. 75. No. 4. December 2012
Author
Glenys Jacobson
This article looks at trends and developments in New Zealand’s currency over the year to June 2012. The total value of currency in circulation has continued to grow, as it has over the past several years. Every denomination of banknote and coin has seen increases, although at varying rates. The Reserve Bank undertakes note processing to maintain a high quality of notes in circulation. New Zealand has a low rate of counterfeiting by international standards, and the level of counterfeiting has fallen this year.