Story: Economy

Decimal currency song, 1967

On 10 July 1967 New Zealand abandoned pounds, shillings and pence and adopted decimal currency. This jingle was used to promote the new currency. The move, radical as it was, was quickly accepted by New Zealanders. But at the same time the economy faced a major decline in agricultural prices. It took much longer for the country to come to grips with that change.

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TVNZ Television New Zealand
Reference: P8585

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How to cite this page:

Brian Easton, 'Economy - The European economy: a history', Te Ara - the Encyclopedia of New Zealand, (accessed 14 April 2024)

Story by Brian Easton, updated 1 Sep 2016