Money Matters WALT: Sequence the development of money in NZ
References:
Use a variety of the websites mentioned above to find information. Summarise the information in your own words. Make sure you understand the ideas you are writing down.
Time
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The development of money in NZ
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Europeans first began arriving in NZ
1769 to 1820s
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Money wasn’t used - instead goods were traded - Record what items were traded between Maori and Europeans
Pigs, flax, potato, guns, flour milk and fish
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First half of the 1800s
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Lots of foreign coins and notes are used around Aotearoa before before british money became legal tender in 1858
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1858
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British notes and coins in New Zealand. It was legal money and all the other currency from other countries wasn't allowed to be used
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1870
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Maori features on bank note of New Zealand.
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1933
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The first official New Zealand coins (based on Britain's pounds, shillings & pence) are issued.Images of native birds or Maori icons feature on the 'tails',.
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1934
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The Reserve Bank is established and becomes the sole supplier of banknotes. Designs are based on the Bank of New Zealand's notes. Designs include image of a kiwi, the Coat of Arms, Maori King Tawhiao and Fiordland Mitre Peak. Captain Cook later replaced King Tawhiao.
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1967
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New Zealand replaces pounds, shillings and pence with dollars and cents. Twenty-seven million new banknotes and 165 million new coins are mad
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1985
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NZ is first country to introduce EFTPOS (electronic funds transfer at point of sale) debit cards
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1991
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New coins are issued featuring Captain Cook's ship, The Endeavour, on the 50c.
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1992
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Image of Queen Elizabeth replaced on all banknotes by pictures of prominent New Zealanders Edmund Hillary, Kate Sheppard, Apirana Ngata and Ernest Rutherford.
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1999
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Banknotes change from paper to plastic.
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2006
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5c coin withdrawn. 10, 20, and 50c coins resized.
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2016
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New banknotes are released with brighter colours, larger font, more Te Reo Maori and more sophisticated security features
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