Chuck the Turd on New Zealand's Currency
I know this sounds like a joke but...little Chucky 'Saville' Saxe-Coburg-Gotha on NZ's currency...it's too much.
This beauty deserved its own post. The whole press release is reproduced below, but basically an image of this clown, who, along with his brother, has too many close connections to dead pedophiles for a descendant of Count Dracula than is comfortable, is going on New Zealand’s currency. And then there’s his dead first wife.1 Once his expired mother’s currency has joined her that is. Maybe his photoshopped mugshot on our currency will coincide with a new currency?
The current currency, introduced in 1967, is almost dead, having lost over 97% of its purchasing power since introduction. Or over 99% in gold.2
My favourite line from the RBNZ press release is, referring to the New Zealand circulating currency:
continue to have exactly the same status and value as before
The value and status being nothing. Why? Because, as RBNZ Governor Adrian Orr told Parliament’s Finance and Expenditure Committee in February:
It’s a great time to be a central banker.
We print money, and people believe it.
Touch wood.
And the committee laughed at this little ‘joke’.
I’m going to email the media contact below to ask RBNZ some pointed questions. I’ll publish them and the RBNZ’s responses, if any, here.
See also:
The Queen and the King on New Zealand’s currency
There is no immediate impact on New Zealand’s banknote and coins designs and cash use as a result of a change in Sovereign.
Published date:
09 September 2022
The Queen and the King on New Zealand’s currency
Summary
There is no immediate impact on New Zealand’s banknote and coins designs and cash use as a result of a change in Sovereign. All existing coins and $20 banknotes in circulation featuring Queen Elizabeth the Second remain legal tender. It will be several years before we need to introduce coins featuring King Charles the Third, and longer until stocks of $20 notes are exhausted.
In more detail
All banknotes and coins issued by the Reserve Bank of New Zealand – Te Pūtea Matua bearing images of the Queen continue to have exactly the same status and value as before.
All coin stock for a denomination showing the Queen will be issued before new stock goes out with her successor’s image. This is a few years away.
Banks, retailers, individuals and others using or handling cash will not need to do anything differently when we introduce new coins bearing the image of the King.
We will let everyone know when new coins are due to enter circulation.
The Queen is likely to remain on $20 banknotes issued from existing stock for many years to come. We manufacture these notes infrequently and do not plan to destroy stock or shorten the life of existing banknotes just because they show the Queen. This would be wasteful and poor environmental practice.
We will prepare to change out the image on coins for one approved by King Charles working in conjunction with our mints who produce for multiple Commonwealth countries.
Coins bearing the King’s image will have the same physical characteristics as those showing the Queen. We will work with industry to help ensure machines such as self-service checkouts, vending and change machines can accept and issue them alongside the old ones. There will be no need to separate coins of the same denomination with different Sovereigns on them.
The transition to new imagery will take several years because we always hold sufficient stock to ensure that our ability to issue cash will not be affected by supply chain disruptions, a sudden increase in demand, or loss of access to vaults or stock for any reason. We also take advantage of the most cost-effective pricing and supply arrangements from the mints and printers we use in the United Kingdom and Canada.
Attribution: Reserve Bank spokesperson
For more information
The Queen on New Zealand’s currency. This June 2022 Bulletin article was commissioned by the Reserve Bank of New Zealand – Te Pūtea Matua to mark the late Queen’s Platinum Jubilee.
Banknotes and coins on the RBNZ website. You can explore New Zealand's banknotes and coins and access a range of helpful resources.
Media contact
Peter Northcote
Senior Advisor External Stakeholders - Kaitohutohu Matua Kiriwhaipānga ā-Waho
Money and Cash – Tari Moni Whai Take
T + 64 04 471 3821
E peter.northcote@rbnz.govt.nz
https://www.rbnz.govt.nz/hub/news/2022/09/the-queen-and-the-king-on-new-zealands-currency/
I looked this up recently, and yes, the value of one 1967 NZ dollar is now $235, or thereabouts. Can you imagine if we had honest money? How different the world would be?
The royals are getting lots of hating on since we have woken up to them as Weffers.
Learning that the Queen knighted Schwab actually shocked me, because I stupidly was a fan of hers.
Charles the Turd is rightly nicknamed. What a lizard.
That's something good to be said for the COVID scam: I've woken up heaps.