Limits On Coins Constituting Legal Tender
According to the Reserve Bank Act 1989, there are limits on the amount that constitutes legal tender:
- coins of a denomination of $10 or more, there is no limit
- coins of a denomination of $1 or more but less than $10, the limit is $100
- coins of the denomination of 5 cents or more, but less than $1, the limit is $5
Read more about this topic: Coins Of The New Zealand Dollar
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