Tuesday, August 21, 2018

Money Matters                                 WALT: Sequence the development of money in NZ
References:
Use a variety of the websites mentioned above to find information.  Summarise the information in your own words. Make sure you understand the ideas you are writing down.  
Time
The development of money in NZ
Europeans first began arriving in NZ
1769 to 1820s
Money wasn’t used - instead goods were traded - Record what items were traded between Maori and Europeans guns,potatoes,pigs,flax,wheat,flour mills,farming products, timber

First half of the 1800s
foreign coins and notes are used around New Zealand before British currency becomes legal tender in 1858.A variety of
1858
New Zealanders used British notes and the coins that the New Zealander   and v,h,m shillings, pounds


1870    

Maori feature on Bank of New Zealand notes.
1933
The first official New Zealand coins (based on Britain's pounds, shillings & pence) are issued. Images of native birds or Maori icons feature on the 'tails', and the British monarch features on the 'heads' side.

1934

The Reserve Bank is established and becomes the sole supplier of banknotes. Designs are based on the Bank of New Zealand's notes. Designs include image of a kiwi, the Coat of Arms, Maori King Tawhiao and Fiordland's Mitre Peak. Captain Cook later replaced King Tawhiao.
1967
New Zealand replaces pounds, shillings and pence with dollars and cents. Twenty-seven million new banknotes and 165 million new coins are made.

1985

NZ is first country to introduce EFTPOS (electronic funds transfer at point of sale) debit cards
1991
New coins are issued featuring Captain Cook's ship, The Endeavour, on the 50c.

1992

Image of Queen Elizabeth replaced on all banknotes by pictures of prominent New Zealanders Edmund Hillary, Kate Sheppard, Apirana Ngata and Ernest Rutherford. Native birds and plants embellish the backs of the notes
1999
Banknotes change from paper to plastic.

2006
5c coin withdrawn. 10, 20, and 50c coins resized.
2016
New banknotes are released with brighter colours, larger font, more Te Reo Maori and more sophisticated security features


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