It has 10 denominations made up of five coins and five banknotes. The five coins have values of 10 cents, 20 cents, 50 cents, $1, and $2. New Zealand’s banknotes have values of $5, $10, $20, $50, and $100.
New Zealand coins are almost identical to Australian, which probably explains why so many of us have mistakenly used it or been given it as change back home.
New Zealand has banished the one, two, and five cent coins. Instead, most items ending with costs between one and four cents are rounded down while those ending in six to nine cents are rounded up. For prices ending with five cents, the retailer can choose how to handle the costs.
New Zealand banknotes are made with the same polymer you find on Australian notes, with the plastic quality making the notes water and tear-resistant.
Each note features the image of a native New Zealand bird on one side and a notable New Zealander on the other (with the exception of Queen Elizabeth II on the $20 note).
