Money, Money,Money!

M NEY

1)

Q. Whose signature are on the notes?

A. New Zealand’s banknotes have been signed by the Governor of the Reserve Bank, or by the Chief Cashier, a post that existed until the early 1980s. Eleven different people have signed banknotes in New Zealand.

L. Lefeaux (Governor 1934-1940)

T. P. Hanna (Chief Cashier 1940-1953)

G. Wilson (Chief Cashier 1953-1956)

R. N. Fleming (Chief Cashier 1956-1967)

D. L. Wilks (Chief Cashier 1967-1973)

R. L. Knight (Chief Cashier 1973-1977)

H. R. Hardie (Chief Cashier 1977-1984)

S. T. Russell (Governor 1984-1988)

D. T. Brash (Governor 1988-2002)

A. E Bollard (Governor 2002-2012)

G. Wheeler (Governor 2012 )

Source: http://www.rbnz.govt.nz/notes_and_coins/notes/0094102.html

2)

Q.Where is NZ money made?

A.New Zealand’s current polymer banknotes were produced by Note Print Australia Limited in Melbourne. New Zealand’s new banknotes will be printed by Canadian Banknote Company in Ottawa. Both sets will be printed on the same polymer.

Source: http://www.rbnz.govt.nz/notes_and_coins/notes/

3)

Q.Why is NZ money being updated

A.To benefit from technological advances in security features.

4)

Q.What new security  measures are being added?

A. Several features are brand new, and some existing ones have been enhanced:

• A larger window features a more detailed metallic element
• The native bird icon changes colour as the note is tilted, and a bar can be seen moving through the space
• A small ‘puzzle number’ lines up when the note is held up to the light
• Raised ink is still used on the large denomination number.

5)

Q.What is New Zealand’s money made of?

A.New Zealand’s banknotes are printed on polymer, which is a type of polypropylene plastic.

The Reserve Bank began circulating polymer banknotes in May 1999. Until then, New Zealand’s banknotes were printed on paper made from cotton.

The advantages of polymer are:

• The average polymer note lasts about four times as long as a paper note. This keeps the cost of producing money down.
• Polymer notes are stronger and non-porous, so they do not get as dirty as paper.
• It is easier to make a polymer note secure than a paper note, therefore deterring forgers.
• Disposal of polymer notes is more environmentally friendly. Polymer notes are destroyed by being shredded. The shredded notes can be recycled into other plastic products instead of being buried or burnt.

6)

Q How much does it cost to produce a note?

1. The new notes will cost about 80 million dollar

7)

Q. Where is the currency issued from?

A. Reserve bank of New Zealand

$5 note

1. Sir Edmund Hillary
2. 1919 -2008
3. In 1953 he was the first to climb Mt Everest and in 1958 the first to drive overland to reach the South Pole
4. Yellow eyed penguin. Subantarctic Lily, Daisy and Bull Kelp
5. Penguin is only found in New Zealand and one of the rarest in the world

Subantarctic Lily only grows in the subantarctic

Daisy is found on Stewart Island

Bull Kelp is found on NZ coast

6. Yellow eyed Penguin is called Hoiho

    

$10 note

1. Kate Sheppard
2. 1848-1934
3. Sheppard was the founding member of the Women’s Christian Temperance Union in New Zealand and she had a leading role in making New Zealand the first country in the world where women were allowed to vote in 1893
4. White camellia, blue duck, Blechnum fern, hebe
5. The flowers were given to members of Parliament who supported women’s right to vote. Blue duck only lives in New Zealand
6. Blue duck: whio

$20

1. Queen Elizabeth II
2. 1926 -
3. Royal reigning British Monarch
4. New Zealand Falcon, Marlborough rock daisy, Flowering red tussock
5. Falcon is only remaining bird of prey in New Zealand
6. Falcon = karearea

$50

1. Sir Apirana Ngata
2. 2. 1874 - 1950
3. He played a significant role in the revival of Maori people and culture during the 20th century. He was the first Maori to graduate from a New Zealand university and an elected Member of Parliament for 38 years
4. Blue wattled crow, Supplejack leaves , Sky-blue mushroom
5. Native crow
6. Blue wattled crow = kokako

$100

1. Lord Rutherford of Nelson
2. 1871- 1937
3. He received the Nobel prize Medal in 1908 and is the ‘father of the atom’
4. Yellowhead , Red beech and South Island lichen moth
5. Yellowhead only lives on South Island
6. Mohua