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Kōrero: Reserve Bank

Surplus bank notes

Image
Surplus bank notes

In the lead-up to the year 2000, the Reserve Bank printed more bank notes in case the change in date brought down computer systems (as was widely expected), and prompted a rush on banks for cash. This scenario did not play out and the bank shredded the surplus notes, which were then buried in a Wellington landfill. This is Reserve Bank chief currency manager Brian Lang with a handful of the shredded notes in 2000.

Te whakamahi i tēnei tūemi

Alexander Turnbull Library, Dominion Post Collection (PA-Group-00685)

Reference: EP/2000/0059/15

by Maarten Holl

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Me pēnei te tohu i te whārang

John Singleton, Reserve Bank – Independence and supervision, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/photograph/33464/surplus-bank-notes (accessed 4 June 2026).

He kōrero nā John Singleton, i tāngia i te 20 March 2012.