how many cents in a new zealand dollar
100
title: New Zealand dollar text: the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs. The New Zealand dollar is consistently one of the 10 most traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013. Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the title: New Zealand ten-cent coin text: New Zealand ten-cent coin The New Zealand ten-cent coin is the lowest-denomination coin of the New Zealand dollar. The 10-cent coin was introduced when the New Zealand dollar was introduced on 10 July 1967, replacing the New Zealand shilling coin. In 2006 its size was reduced as part of a revision of New Zealand's coins, which also saw its alloy become copper-plated steel. Due to inflation, the purchasing power of the ten-cent coin continues to decrease. As of 1 April 2018, it represents 0.61% country's minimum hourly wage for workers age 16 or over. On 10 July 1967, New Zealand's title: New Zealand one-cent coin text: year. Coins of the New Zealand dollar were introduced on 10 July 1967 to replace the pre-decimal New Zealand pound, which was pegged to the British pound. The dollar was pegged at two to a pound, thus 200 cents to the pound. Although New Zealand's previous one-penny coin was 1/240 of a pound, the one-cent coin was made as an exact replacement for the penny's value. The original obverse was Arnold Machin's portrait of Queen Elizabeth II, and was used until 1985. In 1986 the portrait was changed to the version by Raphael Maklouf, introduced to the coins of the title: New Zealand twenty-cent coin text: New Zealand twenty-cent coin The New Zealand twenty-cent coin is the second-lowest-denomination coin of the New Zealand dollar. The 20-cent coin was introduced when the New Zealand dollar was introduced on 10 July 1967, replacing the New Zealand florin coin. Its original reverse of a kiwi was changed in 1990 when the image was moved onto the one-dollar coin. In 2006 its size was reduced and its edge altered to a Spanish flower as part of a revision of New Zealand's coins, which also saw its alloy become nickel-plated steel. On 10 July 1967, New Zealand's former pre-decimal pound currency, title: New Zealand one-cent coin text: New Zealand one-cent coin The New Zealand one-cent coin was the smallest denomination coin of the New Zealand dollar from the currency's introduction in 1967 to its demonetisation, along with the two-cent coin, on 30 April 1990. With a diameter of 17.53 millimetres, it is the smallest coin ever issued of the dollar, and at 2.07 grams in mass the lightest as well. Its reverse featured a fern leaf, a sign of New Zealand, associated also with its national rugby union team. The image was designed by Reginald George James Berry, who designed the reverses for all coins introduced that