Which currency did New Zealand introduce in 1967 when it changed from pounds to decimal money?

New Zealand introduced the New Zealand dollar in 1967 when it changed from pounds to decimal money.

Decimal currency entered circulation on 10 July 1967, replacing the New Zealand pound. The conversion was two New Zealand dollars for one pound. Each dollar was divided into 100 cents, a simpler structure than the former pound, which contained 20 shillings and 240 pence.

New Zealand prepared the public through an extensive “currency” education campaign. The country chose dollar denominations partly because the term was already familiar through neighboring Australia and international trade. The first notes were issued in denominations from one to 100 dollars, while coins ranged from one cent to 50 cents.

The changeover was not the same event as Australia’s decimalization, although both countries adopted dollars in the 1960s. New Zealand later withdrew its one- and two-cent coins in 1990 and its five-cent coin in 2006 as low-value cash became less useful.