The Reserve Bank of New Zealand was established in 1934 and is responsible for our Monetary Policy and Issuing the Currency. During this time period the Bank’s work has changed from pounds, shillings and pence to electronic transfer of dollars. This story is told in its museum. As well as the expected bank notes the museum also contains a MONIAC computer – a pioneering invention which uses water and salvaged Lancaster Bomber parts to model monetary policy’s effect on the economy. The Bank also provides insight into more contemporary issues such as how New Zealand as a country weather global financial pressures.
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