What is the official currency of New Zealand?
Answer and explanation
Correct answer: B. New Zealand Dollar (NZD)
- Step 1: New Zealand introduced decimal currency on July 10, 1967, replacing the New Zealand pound at 2 dollars = 1 pound.
- Step 2: Often colloquially referred to as the 'Kiwi dollar' due to the kiwi bird depicted on its one-dollar coin, it is issued by the Reserve Bank of New Zealand.
Answer
New Zealand Dollar (NZD)
Why not the others: 'Australian Dollar' is the currency of Australia; 'Fijian Dollar' is the currency of Fiji; 'New Zealand Pound' was the pre-decimal currency replaced in 1967.
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