New Zealand Wilson 5 Pound Note, Captain James Cook |
New Zealand Fleming 5 Pounds banknote |
New Zealand banknotes, New Zealand paper money, New Zealand bank notes, New Zealand pound.
Obverse: An engraved portrait of Captain James Cook (7 November 1728 – 14 February 1779), British explorer, navigator, cartographer, and captain in the Royal Navy. Cook made detailed maps of Newfoundland prior to making three voyages to the Pacific Ocean, during which he achieved the first European contact with the eastern coastline of Australia and the Hawaiian Islands, and the first recorded circumnavigation of New Zealand.
Reverse: An engraving of Lake Pukaki and Mount Cook / Aoraki at centre. At left New Zealand Fantail or its Maori name, Pīwakawaka or Tīwakawaka - small insectivorous bird.
Printed by Thomas De La Rue & Company, Limited, London.
New Zealand pound
The pound was the currency of New Zealand from 1840 until 1967, when it was replaced by the New Zealand dollar.Like the British pound, it was subdivided into 20 shillings each of 12 pence. As a result of the great depression of the early 1930s, the New Zealand agricultural export market to the UK was badly affected. The Australian banks, which controlled the New Zealand exchanges with London, decided to devalue the New Zealand pound in relation to sterling in the UK. By 1933, the New Zealand pound had fallen to a value of only 16 shillings sterling. In 1948 however, it was once again restored to its original sterling value. In 1967, New Zealand decimalised its currency, replacing the pound with the dollar at a rate of $2 = £1 (or $1 = 10s). In November of that year, the pound sterling devalued, and New Zealand used this as an opportunity to re-align its new dollar to parity with the Australian dollar.