Story: Reserve Bank

Bank notes

Bank notes

Before the Reserve Bank was created in 1934, trading banks issued their own bank notes. The £1 bank note at the top was issued by the Bank of Auckland, which operated in the 1860s. The bank note below was issued by the Reserve Bank on its first day of operation, 1 August 1934. Since that date, all bank notes have been issued by the Reserve Bank.

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Reserve Bank of New Zealand

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How to cite this page:

John Singleton, 'Reserve Bank - Origins and functions', Te Ara - the Encyclopedia of New Zealand, (accessed 25 June 2024)

Story by John Singleton, published 20 Jun 2012