Reserve Bank of New Zealand

The Reserve Bank of New Zealand (RBNZ, ) is the central bank of New Zealand. It was established in 1934 and is currently constituted under the Reserve Bank of New Zealand Act 2021. The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions. History The Reserve Bank of New Zealand was established from 1 August 1934 by the Reserve Bank of New Zealand Act 1933. The Reserve Bank first issued banknotes in 1934, see New Zealand pound. The Reserve Bank of New Zealand Act 1989 which came into effect in February 1990 introduce the regime of inflation targeting to the bank. New Zealand was the first country in the world to try this regime which was later adopted in other countries.