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Reserve Bank of New Zealand Act 2021

Central bank functions - Currency

155: Making or issuing of other bank notes or coins

You could also call this:

"Only the Reserve Bank can make or issue New Zealand money"

Illustration for Reserve Bank of New Zealand Act 2021

You cannot make or issue bank notes or coins unless they are issued under this Act. If you break this rule, you commit an offence. You can be punished with imprisonment or a fine if you are an individual, or a fine if you are a company, as stated in the Reserve Bank of New Zealand Act. You can face up to 3 years in prison or a $200,000 fine, or both, if you are an individual. A company can be fined up to $600,000.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287193.

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Topics:
Money and consumer rights > Banking and loans
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154: Defacing bank notes, or

"Don't damage New Zealand bank notes on purpose"

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156: Reproduction or imitation of currency, or

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Part 3Central bank functions
Currency

155Making or issuing of other bank notes or coins

  1. A person must not intentionally make or issue any bank note or coin, other than a bank note or coin issued under this Act.

  2. Every person who contravenes this section commits an offence and is liable on conviction,—

  3. in the case of an individual, to imprisonment for a term not exceeding 3 years or to a fine not exceeding $200,000 (or both):
    1. in the case of a body corporate, to a fine not exceeding $600,000.

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