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The E-Sylum:  Volume 11, Number 13, March 30, 2008, Article 10

NEW ZEALAND COIN ISSUING AUTHORITY: A CLARIFICATION

In last week's E-Sylum Martin Purdy stated, "The correct
issuing authority for current New Zealand collector issues
is: New Zealand Post".

Kerry Rogers writes: "In point of fact The Reserve Bank of
New Zealand has the sole authority to approve any issue of
New Zealand currency. Currently, the Bank has a commercial
contract with New Zealand Post. This contract allows New
Zealand Post to design, procure and sell collectors coins
and coin sets that may also include circulating currency.
However, all proposals by New Zealand Post for any New Zealand
legal tender circulating or non circulating coins require
the approval of the Reserve Bank in whom the ultimate
authority is vested by law. This same condition would apply
if the contract were to be held by any other commercial
entity in the future - such as the private New Zealand Mint.
And I gather the contract is up for grabs later this year!"

[Thanks to both Martin and Kerry (who contacted the Bank
on Tuesday) for their assistance in finding and correcting
the error.  I forwarded the clarification to Dennis Tucker
at Whitman Publishing.  -Editor]

 NEW ZEALAND ERROR SPOTTED IN 'MODERN WORLD COINS' 14TH EDITION
 esylum_v11n12a03.html

  Wayne Homren, Editor

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