Central Banking

RBNZ runs out of coins in Xmas lead up

Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.

"When we complained that the three-month transition period wasn't long enough, the Reserve Bank told us that they'd done a lot of work and that everything was going to be just fine. We'll here we are just five weeks into the new coins and only days away from the