Tuesday, August 21, 2018

Sequencing the changes to NZ Money

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
The development of money in NZ
Europeans first began arriving in NZ
1769 to 1820s
Money wasn’t used - instead goods were traded - Record what items were traded between Maori and Europeans

Potatoes,guns,corned meat,fish


First half of the 1800s
They used to have a one dollar note till 1858

1858
British currency became legal
1870
A Maori feature was added to the notes
1933
The first New Zealand coins were issued
1934
The reserve bank was established
1967
New Zealand replaces pounds to dollars
1985
NZ introduced EFTPOS
1991
New coins issued including Captain Cook's ship

1992
New faces appeared on the banknotes including, Queen Elizabeth,Edmund Hillary, Lord Rutherford and Sir Apirana Ngata
1999
Banknotes changed from paper to plastic

2006
5c coin withdrawn
2016
New banknotes released with brighter colours, more Te Rep
Maori and sophisticated security features.