Kōrero: Reserve Bank

Surplus bank notes

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.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/2000/0059/15
Photograph 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.

All images & media in this story

Me pēnei te tohu i te whārangi:

John Singleton, 'Reserve Bank - Independence and supervision', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/33464/surplus-bank-notes (accessed 23 September 2019)

Story by John Singleton, published 20 Jun 2012