Chatham Islands Note Corporation
Encyclopedia
The Chatham Islands Note Corporation was the private organisation that was set up to issue the two series of Chatham Islands
notes in 2000 and 2001. It planned to issue coin
s in 2001, but their activities were curtailed upon the instruction of the Reserve Bank of New Zealand
. The Chatham Islands Note Corporation ceased to operate some time in 2003.
Chatham Islands
The Chatham Islands are an archipelago and New Zealand territory in the Pacific Ocean consisting of about ten islands within a radius, the largest of which are Chatham Island and Pitt Island. Their name in the indigenous language, Moriori, means Misty Sun...
notes in 2000 and 2001. It planned to issue coin
Coin
A coin is a piece of hard material that is standardized in weight, is produced in large quantities in order to facilitate trade, and primarily can be used as a legal tender token for commerce in the designated country, region, or territory....
s in 2001, but their activities were curtailed upon the instruction of the Reserve Bank of New Zealand
Reserve Bank of New Zealand
The Reserve Bank of New Zealand is the central bank of New Zealand and is constituted under the Reserve Bank of New Zealand Act 1989. The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Dr. Alan Bollard...
. The Chatham Islands Note Corporation ceased to operate some time in 2003.