The New Zealand Dollar (NZD), often called the "Kiwi," is the official currency of New Zealand, as well as several Pacific island territories, including the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. Introduced in 1967 to replace the New Zealand pound, the NZD is a highly traded currency in the global foreign exchange market. Known for its stability and the iconic Kiwi bird featured on its coins, the NZD plays a vital role in international trade, particularly in the Asia-Pacific region. The Reserve Bank of New Zealand oversees its issuance and monetary policy.
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