November 6, 2024 - The History of New Zealand through a Libertarian Anarchist lens. Please enjoy the ideas and let me know what you think.

1990: One and Two-cent Coins Withdrawn

April 30, 2024

By AHNZ

Today in history, 30 April, 1990, one and two-cent coins were withdrawn from legal tender. They had existed since decimilisation on 10 July 1967

The value of government fiat currency was now so inflated that these lowest denominations now had no meaning. The 5 cent coin was to follow in 2006.

It will be interesting to see how much longer the New Zealand ten-cent coin survives. Can’t buy much with it in 2024.


Image ref. Cyber Coins and Banknotes, Ebay

Ref. 1966: Decimal Coins, AHNZ

Ref. 2006: 5 Cent Coin Abolished, AHNZ

 

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Anarchist History of New Zealand: History is not politically correct. Many on the left therefore struggle with its findings. - Niall Ferguson