RBNZ bulletin reports growth in currency, fall in counterfeits

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The amount of currency in circulation in New Zealand was $4.4 billion at the end of June 2012, a rise of 4.9% on the previous 12 months, noted an article by Glenys Jacobson in the December issue of the Reserve Bank's quarterly Bulletin. Of this, the public held $3.8 billion, with the remainder held by banks. Total currency in circulation has risen by 30% over the past five years.

The year saw reduction in the number of counterfeits discovered to one per million, down from three per million the

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