Reserve Bank of New Zealand

Brief History

1933 the Reserve Bank of New Zealand was established by the Reserve Bank of New Zealand Act of the same year. It began business on 1 August 1934 and has been state owned since 1 April 1936. The Bank now operates under the Reserve Bank of New Zealand Act 1989. It is the sole bank of issue, operates settlement accounts, and is regulator and supervisor for banks, non-bank deposit takers and insurers. Since 1989 the Bank has been responsible for formulating and implementing monetary

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