The Reserve Bank of New Zealand has the sole right to issue bank notes and coins in New Zealand. You can only get official New Zealand money from the Reserve Bank. The Bank decides what the bank notes and coins look like and what they are made of. The Bank gets to choose the denominations of its bank notes and coins. You can find more information about this by looking at the Reserve Bank of New Zealand Act 1989. The Bank is in charge of designing the money.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287189.
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148: Bank must defer publishing information relating to certain directions, or
"The Bank must wait before sharing some information when the Minister delays following a rule."
150: Power of Bank to call in currency, or
"The Reserve Bank can ask people to return certain bank notes or coins with the Minister's permission."
The Bank has the sole right to issue bank notes and coins in New Zealand.
The Bank must determine the denominations, form, design, content, weight, and composition of its bank notes and coins.
