Cook Islands dollar

The dollar is the currency of the Cook Islands. The dollar is subdivided into 100 cents, although some 50 cent coins carry the denomination as "50 tene".

History

Until 1967, the New Zealand pound was used on the Cook Islands, when it was replaced by the New Zealand dollar. In 1972, coins were issued specifically for the Cook Islands, with banknotes appearing in 1987. The Cook Islands dollar is pegged at par to the New Zealand dollar.

Coins

In 1972, bronze 1 and 2 cents, and cupro-nickel 5, 10, 20 and 50 cents, and 1 dollar coins were introduced. All were the same size and composition as the corresponding New Zealand coins. In 1983, production of the 1 and 2 cent coins ceased. In 1987, scallop shaped 1 dollar, triangular 2 dollars and dodecagonal 5 dollars were introduced, with the 1 and 2 dollars in cupro-nickel and the 5 dollars in aluminium bronze. With the reduction in size of the New Zealand 10, 20 and 50 cent piece, the Cook Island equivalents have yet to appear.

Banknotes

In 1987, 3, 10 and 20 dollar notes were introduced by the government, followed by 50 dollars as part of a new series of notes in 1992. These notes were issued until 1995. Cook Islanders are showing a preference for New Zealand banknotes, although the Cook Islands notes remain legal tender.

1992 Series
Value	Obverse	Reverse
$3
$10
$20
$50

See also

• Economy of the Cook Islands

References

External links