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Money
Currency: New Zealand Dollar (NZ$) = 100 cents, supplemented by notes and coins minted for local use which are not negotiable outside the Cook Islands. Notes are in denominations of NZ$100, 50, 20, 10 and 5. Coins are in denominations of NZ$2 and 1, and 50, 20, 10 and 5 cents.
Currency exchange: Exchange facilities are available at the airport, banks and in some larger stores and hotels. ANZ Bank have recently installed an ATM in Avarua.
Credit & debit cards: Visa, Diners Club, MasterCard and American Express are all accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: Accepted in hotels and some shops.
Currency restrictions: There are no restrictions on the import of either local or foreign currency. Local currency can be exported up to NZ$250. Foreign currency can be exported up to the amount imported and declared subject to bank authorisation.
Exchange rate indicators
The following figures are included as a guide to the movements of the New Zealand Dollar against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 3.09 | 3.26 | 3.14 | 2.85 | | $1.00= | 2.12 | 2.15 | 1.99 | 1.79 |
Banking hours: Mon-Fri 0900-1500.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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