Reserve Bank of New Zealand Guide, Meaning , Facts, Information and Description
The Reserve Bank of New Zealand is the central bank of New Zealand. The Reserve Bank is responible for New Zealand's currency and operating monetary policy. Unlike the United States Federal Reserve, the Reserve Bank does not have elements of private ownership; according to its website, "The Reserve Bank does not have shareholders. It is 100% "owned" by the New Zealand Government, with any extra revenue that the Reserve Bank makes going back into the Crown accounts. The Reserve Bank is not a government department, but is a body corporate whose finances are included in the Crown accounts." The Bank's current governor is Dr. Alan Bollard.
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