The Reserve Bank of New Zealand is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Mr. Graeme Wheeler. Employees of the bank operate under the framework of a managerial hierarchy.
The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions.
Read more about Reserve Bank Of New Zealand: Ownership, Issuing of Currency, Supervision of The New Zealand Banking System By The Reserve Bank, Regulation of Non-bank Deposit Takers (NBDTs), Prudential Supervision of The New Zealand Insurance Industry By The Reserve Bank, List of Governors
Famous quotes containing the words reserve, bank and/or zealand:
“If a walker is indeed an individualist there is nowhere he can’t go at dawn and not many places he can’t go at noon. But just as it demeans life to live alongside a great river you can no longer swim in or drink from, to be crowded into safer areas and hours takes much of the gloss off walking—one sport you shouldn’t have to reserve a time and a court for.”
—Edward Hoagland (b. 1932)
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)
“Teasing is universal. Anthropologists have found the same fundamental patterns of teasing among New Zealand aborigine children and inner-city kids on the playgrounds of Philadelphia.”
—Lawrence Kutner (20th century)