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Kōrero: Balance of payments

Devaluing the dollar

Video file

In 1984, in the midst of a constitutional crisis over the roles of outgoing Prime Minister Robert Muldoon and incoming Prime Minister David Lange, New Zealand devalued its currency by 20%. Watch this clip from a TV news broadcast of Lange announcing the large devaluation.

Te whakamahi i tēnei tūemi

TVNZ Television New Zealand

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Me pēnei te tohu i te whārang

C. John McDermott rāua ko Rishab Sethi, Balance of payments – Correcting current account deficits, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/mi/video/23969/devaluing-the-dollar (accessed 23 June 2026).

He kōrero nā C. John McDermott rāua ko Rishab Sethi, i tāngia i te 19 July 2011.