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Kōrero: Balance of payments

Reserve Bank teller

Image
Reserve Bank teller

Faced with a balance of payments crisis in 1938 the Labour government imposed controls over both imports and the issuing of foreign exchange. The Reserve Bank, established four years before, was responsible for administering applications and issuing foreign exchange.

Te whakamahi i tēnei tūemi

Reserve Bank of New Zealand

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Me pēnei te tohu i te whārang

C. John McDermott rāua ko Rishab Sethi, Balance of payments – A brief history, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/photograph/23965/reserve-bank-teller (accessed 4 June 2026).

He kōrero nā C. John McDermott rāua ko Rishab Sethi, i tāngia i te 12 April 2010.