Skip to main content

floating the dollar

realigned to a new Official Rate of US$1.216 with a 4.5% fluctuation range, with unchanged gold
content.
The currency's link to the Pound Sterling was replaced with a pegging of the New Zealand Dollar to the
U.S. Dollar. An Effective Rate of US$1.195 was also created with buying and selling rates of
US$1.2017 and US$1.1887 per New Zealand unit.
23 June 1972 With the completed failure of Sterling on 23 June 1972, the Sterling Area was liquidated.
15 February 1973 Following the U.S. Dollar devaluation in February 1973, the Official Rate of the
New Zealand Dollar was realigned to US$1.351, with unchanged gold content.
9 July 1973 Wellington's currency was placed on a controlled, floating basis with the Effective Rate
determined by a basket of currencies of New Zealand's principle trading partners.
10 September 1973The controlled, floating Effective Rate was revised upward by 10%.
25 September 1974 Wellington, following Australia's lead, slashed the Effective Rate for the New
Zealand currency by 9%.
8 August 1975 The buying and selling rates for the U.S. Dollar were US$1.2479 and US$1.2579,
respectively, per $NZ1.
10 August 1975 The Reserve Bank of New Zealand adjusts the exchange rate for the U.S.
Dollar daily so as to maintain the effective relationship between the New Zealand Dollar and the
currencies of the main trading partners. Except for the Australian Dollar and the Pound Sterling, the
rate for spot transactions in currencies quoted by the New Zealand commercial banks are based on the
closing buying and selling rates of the previous day in London.
11 August 1975 The Effective Rate was depreciated by 15%.
29 July 1976 The New Zealand Dollar was partially devalued, as a tax was placed on travel
abroad, thus creating a Resident Travel Rate.
30 November 1976 The New Zealand Dollar was depreciated from US$0.9738=$NZ1 to
US$0.9063=$NZ1.
The Effective Rate was depreciated by 7%.
21 June 1979 The Effective Rate was downgraded 5% and a crawling-peg system of monthly
depreciations adopted.
The Resident Travel Rate was abolished and a flat travel tax imposed.
It was announced that the Reserve Bank would make a small regular adjustments in the rate,
each of less than 0.5%, reflecting relative cost and price developments in New Zealand and in its main
trading partners.
Remember at this time 1980-1981There was a world-wide recession.
and a little more important 1981 US over-the-counter derivatives were born with the 1st currency
“swap.”
June 1982 The crawling-peg system of depreciation was abandoned, the Effective Rate to be
periodically adjusted.
22 June 1982 It was announced that the Effective (trade-weighted) Exchange Rate index of the New
Zealand Dollar would be pegged to an index level of 83.4.
31 December 1982The buying and selling rates for the U.S. Dollar were $NZ1.3559 and $NZ1.3746,
respectively, per US$1.

Comments

Post a Comment

Popular posts from this blog

  The merchant of Venice and the cowards that fear  Enough enough already.     The Crimes; Lets cut straight to the chase.   The quote, which reads, “To learn who rules over you, simply find out who you are not allowed to criticize,” was quickly identified by some users online as a quote by Kevin Alfred Strom. “Congrats, you just quoted Kevin Alfred Strom, an American neo-Nazi, who first said those words in 1993,” responded  one user. Another commented, “This quote is actually from Kevin Alfred Strom, a white supremacist and Holocaust denier who plead guilty to possession of child pornography.”  and as this is from Reuters, a platform one can trust.    You dear reader are now  a Holocaust denying kiddy diddler.    But the quote still stands.    To learn who rules over you , simply look who you cannot criticize.  Well, turn around, take off any rose colored inhibitors and look back at major events in his...
Post a Comment
Read more

it's them again boo boo, their history

It's a pretty known fact that the Jews are chosen people and the Jewish homeland is Israel and the Jews believe in the Old Testament and that the Old Testament is about Jews.     However almost none of these facts are true nowhere in the Bible does it call the Jews gods chosen people and only about 5% of the people in the old testament could be called "Jews".    So now that you have branded me an anti-semite we can begin;    The term "anti semite"  literally means against Shem or his descendants however being anti-jewish isn't the same as being anti-semitic.       So let me explain the Semites are the descendants of a man named Shem who would father some of the world's most renowned Empires and dynasties such as the Syrian Empire and Babylonian empires. So why is it "anti-semetic" to say something against the Jews?  Well, just like stealing your religion, your homes, your money, and businesses some Jews also love stealing names...
Post a Comment
Read more
  The Word Jew Is NOT In The Bible But Blunt Publisher Manipulation Is C H U R C H R E F O R M S E R I E S By Biblicism Institute “A lie can travel halfway around the world while the truth is putting on its shoes.” – Mark Twain The word Jew is nowhere to be found in the good book The word “Jew” did not come into existence until the year 1775 A.D., whereas the occurrences in the bible took place from around 4000 B.C. to 70 A.D. WHO IS A JEW? Its modern connotation points to someone who follows and adheres to a faith similar to that of the Pharisees of Judah, but  is not  of the tribe and stock of Judah. In other words, Jews are people from nations other than the 12 Hebrew tribes who practice a religion known as  Judaism/Pharisaism , the doctrine of the Pharisees. It is much like those who believe in Christ and are called Christians, in honor of the One whom they follow, and their religion is known as Christianity, the doctrine of Christ. If one were to say th...
Post a Comment
Read more