Monday, 30 October 2006

Kachiiiiing!

Tomorrow marks the last day where 5 cent coins are legal tender in New Zealand. From November 1, 2006, 5 cent coins will be taken out of circulation and the remaining coins with the exception of the "gold coins" will take a new form.

See the new set of coins below.

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The notes changed in 1999 when polymer ones were introduced. These polymer currency notes apparently have one of the most advanced security features that nobody actually bothers to check its authenticity, unlike in some countries.

Most of the notes in circulation have the signature of the Central Bank or here it is called the Reserve Bank Governor's signature on them, Alan Bolard. This morning I was shown a $20 note that had the previous Governor's signature, Don Brash.

For those of you not familiar with New Zealand politics, Don Brash is currently the leader of the main opposition party in New Zealand. The note is still legal tender so nobody actually bothers. But how many countries in the world would have the leader of the Opposition guarantee the value of its currency? Interesing indeed!

1 comment:

Mamak said...

Although it won't happen, as Finance Ministers don't sign currency notes, can you imagine Anwar Ibrahim's signature on the Malaysian Ringgit?