Pursuant to section 26 of the Reserve Bank of New Zealand Act 1989, and with the consent of the Minister of Finance, Dr Michael Cullen, the Reserve Bank (“the Bank”) calls in all cupronickel 5, 10, 20 and 50 cent coins issued between 1967 and 2006, with effect from 1 November 2006.
In accordance with section 26 (3) of the Act, all the specified coins will cease to be legal tender from 1 November 2006 but the bank shall continue to be liable to pay any such coin on presentation at the head office of the bank (No. 2 The Terrace, Wellington).
Dated at Wellington this 15th day of August 2006.
BRIAN LANG, Head of Currency and Building Services, Reserve Bank of New Zealand.