Reserve Bank of New Zealand
The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. It manages monetary policy, issues the New Zealand dollar, and promotes financial stability.
The RBNZ oversees RTGS settlement and provides liquidity to the banking system when needed. Official site: Reserve Bank of New Zealand.
Related Terms
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
NZD
New Zealand Dollar
NZD is the official currency of New Zealand and several Pacific island territories. It's known as th...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
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