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The New Zealand Dollar

With 1.6 percent share in daily currency transactions, the New Zealand dollar takes the #10 spot in the countdown. Even though Europeans became aware of the islands known today as New Zealand back in 17th century, New Zealand didn’t become a British colony until the mid-19th century.

And, with the Europeans, arrived paper money. During the 1800s, the gold, silver, and bronze British coins were circulating in New Zealand alongside the existing foreign coins (for example, Australian). The national currency was introduced in 1934 and, shortly after, the Reserve Bank of New Zealand (the country’s central bank) was created.

As of 1935, New Zealand became the last of the self-governing dominions of the British Commonwealth to introduce its own coinage.

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