Casinos supporting New Zealand Dollar Currency
Like many former British colonies, New Zealand currency was based on the pound until fairly recently. In fact, the New Zealand dollar was only introduced in 1967. Plans to switch from a sterling system of money to a decimal system had actually been discussed in New Zealand as far back as the 1930s, but didn't start going into effect until the 1950s. In 1957 a committee was arranged to study the idea of switching to a decimal currency and by 1963 they decided to make the switch.
The New Zealand dollar is one of the top ten most exchanged currencies on the international market and accounts for roughly 2% of daily trades. It is often referred to by monetary traders as the "kiwi," not only because of the association of those birds with the island of New Zealand, but also because the $1 coin has a kiwi imprinted on it.
New Zealand dollars primarily come in $1 and $2 coins with bank notes for larger denominations up to $100. Their smallest coin is a 10 cent coin. Previous to 2006 there was a 5 cent coin as well, but that was phased out. Prices are generally rounded to the nearest appropriate number to make payment without 1, 2, or 5 cent coins possible.