Niue dollar

Last updated
Niue dollar
Dollar
ISO 4217
CodeNZD (numeric:554)
Subunit 0.01
Unit
Symbol $
Denominations
Subunit
1100 cent
Symbol
cent c
Banknotes $5, $10, $20, $50, $100 (New Zealand notes only)
Coins 10c, 20c, 50c, $1, $2 (New Zealand coins only)
Demographics
User(s)Flag of Niue.svg  Niue
Issuance
Central bank Reserve Bank of New Zealand
Website www.rbnz.govt.nz
Printer Note Printing Australia (provides base polymer note material)
Website www.noteprinting.com
Mint New Zealand Mint
Website www.newzealandmint.com

Niue, a country in free association with New Zealand, uses only one official legal tender currency, which is the New Zealand dollar. [1]

Contents

Before the creation of the New Zealand dollar in 1967, Niue was a user of the New Zealand pound [1] and its very early commemorative coins of Niue were in pound or shilling increments.

Niue first began issuing coins in 1966. These have been mostly bullion and non-circulating base metal commemorative issues. They are acceptable as legal tender within Niue, though unlikely to be found anywhere on the island.

Coins

In 2009, Niue began issuing its first standardised coin set in denominations of 5, 10, 20, 50 cents and 1 Dollar; they are thicker than New Zealand coins as well as having a different metallic composition. They are also of the same exact size and composition as the Pitcairn Islands special coin set.

All of the standard set coins bear images relevant to the country, surrounded by a distinct border.

All coins of Niue depict the national crest or an official effigy of Queen Elizabeth II on the obverse.

In 2011, the New Zealand Mint produced a limited edition set of New Zealand Dollar legal tender coins, as an official issue of Niue commemorating the Star Wars motion picture series, authorised by Lucasfilm Ltd., and depicting many principal characters from the series rendered in colour. [2]

See also

Notes

  1. 1 2 Gyllenbok, Jan (12 April 2018). Encyclopaedia of Historical Metrology, Weights, and Measures. Birkhäuser. ISBN   9783319667126 via Google Books.
  2. "Star Wars Collectible Coins". Collectors' Alliance Inc. Archived from the original on 2 December 2011. Retrieved 25 January 2014.

Related Research Articles

The Kwacha is the currency of Zambia. It is subdivided into 100 Ngwee.

The Australian dollar is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu. As of 2022, it is currently the sixth most-traded currency in the foreign exchange market and also the seventh most-held reserve currency in global reserves.

The New Zealand dollar is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($). "$NZ" or "NZ$" are sometimes used when necessary to distinguish it from other dollar-denominated currencies.

The Singapore dollar is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore (MAS) issues the banknotes and coins of the Singapore dollar.

The British West Indies dollar (BWI$) was the currency of British Guiana and the Eastern Caribbean territories of the British West Indies from 1949 to 1965, when it was largely replaced by the East Caribbean dollar, and was one of the currencies used in Jamaica from 1954 to 1964. The monetary policy of the currency was overseen by the British Caribbean Currency Board (BCCB). It was the official currency used by the West Indies Federation The British West Indies dollar was never used in British Honduras, the Cayman Islands, the Turks and Caicos Islands, the Bahamas, or Bermuda.

The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of sterling banknotes and coins, in a similar way to the banknotes issued in Scotland, England and Northern Ireland. It can be exchanged at par with other sterling coinage and notes.

The vatu is the currency of Vanuatu. The vatu has no subdivisions.

The Bermudian dollar is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis.

<span class="mw-page-title-main">Papua New Guinean kina</span> Currency of Papua New Guinea

The Kina is the currency of Papua New Guinea. It is divided into 100 toea. The name Kina is derived from Kuanua language of the Tolai region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country.

<span class="mw-page-title-main">Fijian dollar</span> Currency of Fiji

The Fijian dollar has been the currency of Fiji since 1969 and was also the currency between 1867 and 1873. It is normally abbreviated with the dollar sign $, or alternatively FJ$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

<span class="mw-page-title-main">Liberian dollar</span> Currency of Liberia

The dollar has been the currency of Liberia since 1943. It was also the country's currency between 1847 and 1907. It is normally abbreviated with the sign $, or alternatively L$ or LD$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

<span class="mw-page-title-main">Jersey pound</span> Currency of Jersey

The pound is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland. It can be exchanged at par with other sterling coinage and notes.

The Saint Helenapound is the currency of the Atlantic islands of Saint Helena and Ascension, which are constituent parts of the British Overseas Territory of Saint Helena, Ascension and Tristan da Cunha. It is fixed at parity with sterling, and so both currencies are commonly accepted and circulated within Saint Helena. It is subdivided into 100 pence.

The Solomon Islands dollar is the currency of Solomon Islands since 1977. Its symbol is $, with SI$ used to differentiate it from other currencies also using the dollar sign. It is subdivided into 100 cents.

<span class="mw-page-title-main">New Zealand pound</span> Currency of New Zealand from 1840 until 1967

The pound was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar. Like the pound sterling, it was subdivided into 20 shillings each of 12 pence.

The Tuvaluan dollar is one of the currencies of Tuvalu, whose unofficial international currency code is TVD. Tuvalu has never had banknotes of its own, and has been issuing coins since 1976. However, the Tuvaluan dollar is used as a unit of account, and is pegged to the Australian dollar at parity. From 1966 to 1976, Tuvalu officially used the Australian dollar. In 1976, Tuvalu began issuing its own coins, which continue to circulate alongside Australian coins. Tuvalu continues to use Australian banknotes. Tuvaluan coins are not legal tender in Australia. Similar to the Faroese króna's relationship to the Danish krone and the Panamanian balboa's relationship to the United States dollar, the Tuvaluan dollar is not an independent currency, but a variation of the Australian dollar.

<span class="mw-page-title-main">Cook Islands dollar</span> Currency of the Cook Islands

The Cook Islands dollar was the former currency of the Cook Islands, which now uses the New Zealand dollar, although some physical cash issued for the Cook Islands dollar remains in use. The dollar was subdivided into 100 cents, with some older 50-cent coins carrying the denomination as "50 tene".

The pound was the currency of Bermuda until 1970. It was equivalent to sterling, alongside which it circulated, and was similarly divided into 20 shillings each of 12 pence. Bermuda decimalised in 1970, replacing the pound with the Bermudian dollar at a rate of $1 = 8s.4d., equal to the US dollar.

The coins of the New Zealand dollar are used for the smallest physical currency available in New Zealand. The current denominations are ten cents, twenty cents, fifty cents, one dollar and two dollars. The $1 and $2 coins are minted in a gold colour, the 20c and 50c coins are silver colour and the 10c coin is plated in copper.

The Pitcairn Islands is a non-sovereign British overseas territory and the New Zealand dollar is used as exchange. The Pitcairn Islands began issuing its first commemorative coins in 1988. Though the Pitcairn Islands dollar is not a true currency in the strict sense of the word, and is not used as a circulation coinage, it can be lawfully exchanged as tender. The Pitcairn Islands dollar exists only because of the coin collecting market, which provides a major staple for the island nation. Having a population of only 50 according to the 2020 census, and with only one island in the group of four being populated, there is no need for local coinage. Coins consist of an important part of the Pitcairn Islands' tiny economy and help raise funds for the government's largely fixed and subsidised income.

References