Reserve Bank of New Zealand Act 2021

Central bank functions - Foreign exchange - Foreign reserves management and co-ordination framework

141: Bank must hold and manage foreign reserves in accordance with framework

You could also call this:

"The Bank must carefully manage New Zealand's foreign money according to a guide."

Illustration for Reserve Bank of New Zealand Act 2021

The Bank has to hold and manage foreign reserves in a special way. You need to know the Bank must follow a framework when doing this. The Bank also has to do what the framework says about other duties. The Bank must comply with all the other duties in the framework. These duties might include publishing information about foreign reserves. The Bank has to think about the framework when making decisions about foreign reserves. The framework is like a guide for the Bank to manage foreign reserves. The Bank has to follow this guide when performing its functions. This means the Bank has to be careful and responsible when managing foreign reserves.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS321309.

This page was last updated on 1 January 2026 — View changes

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140: Foreign exchange gains and losses, or

"What happens when the Reserve Bank makes money or loses money from foreign exchange"

142: Purposes of framework, or

"The main goals of the Reserve Bank's plan"

Part 3Central bank functions
Foreign exchange: Foreign reserves management and co-ordination framework

141Bank must hold and manage foreign reserves in accordance with framework

The Bank must—
hold and manage foreign reserves in accordance with a foreign reserves management and co-ordination framework (the framework); and
comply with all the other duties relating to foreign reserves that are specified in the framework (for example, duties relating to the publication of information); and
otherwise have regard to the framework when it is performing or exercising its functions or powers in relation to foreign reserves.