THE FIRST RESERVE BANK OF NEW ZEALAND BANKNOTE ISSUED
“The Number One” For much of the 19th and early 20th centuries, New Zealand’s monetary system was shaped by the now-unfamiliar practice of private trading banks issuing banknotes for public circulation. The Union Bank of Australia, established in 1840 in Petone (then known as Britannia), was the first trading bank in New Zealand. Over a […]
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