The official currency of New Zealand is the New Zealand Dollar (symbol: NZ$, currency code: NZD), issued by the Reserve Bank of New Zealand and used throughout the country. It is subdivided into 100 cents, though one- and two-cent coins are no longer in circulation. Introduced on 10 July 1967 to replace the New Zealand pound, the NZD has since become a stable, widely traded regional currency. Travelers often monitor the AUD→NZD rate when visiting Auckland, Wellington, or Queenstown, balancing cash and cashless payments for local experiences
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