Central Banking

RBNZ countdown to smaller lighter coins

On 31 July the current 50, 20, and 10 cent coins will be replaced with smaller and lighter coins, and the 5 cent coin will begin to be phased out, the Reserve Bank of New Zealand said on Monday 10 July.

The coins will retain the same "heads" and "tails" designs but the 10 cent coin will be copper-coloured. The $1 and $2 coins will not change.

"It's 39 years to the day, on 10 July 1967, that New Zealanders said `goodbye' to pounds, shillings and pence, and `hello' to dollars and cents", said Res

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