Customs Exchange Rates




14 JANUARY THE NEW ZEALAND GAZETTE 85

Customs Exchange Rates Notice (No. 1) 1986

Pursuant to section 143 of the Customs Act 1966, the Comptroller of Customs, in accordance with the power delegated to him by the Minister of Customs under section 9 of that Act, hereby gives the following notice.

NOTICE

  1. Short title and commencement—(1) This notice may be cited as the Customs Exchange Rates Notice (No. 1) 1986.

(2) This notice shall come into force on the 1st day of January 1986.

  1. Exchange rates—Where under any provisions of the Customs Act 1966 any amount is required to be taken into account for the purpose of assessing duty or any other purpose is not an amount in New Zealand currency, the amount to be so taken into account shall be the equivalent in New Zealand currency of that amount ascertained in accordance with the rate of exchange set out in the Schedule to this notice.

  2. Revocation—The Customs Exchange Rate Notice (No. 12), published in the New Zealand Gazette, No. 220, dated 28 November 1985, on page 5394 is hereby revoked.

SCHEDULE

Value of One NZ Dollar

Country Value
Australia .71 Dollar
Austria 8.57 Schilling
Bangladesh 14.63 Taka
Belgium 25.01 B Franc
Brazil 4730.40 Cruzeiro
Burma 3.79 Kyat
Canada .68 Dollar
Chile 86.88 Peso
China 1.53 Renminbi or Yuan
Denmark 4.41 Krone
Egypt .65 E Pound
Fiji .54 F Dollar
Finland 2.70 Markka
France 3.72 Franc
French Polynesia 66.69 FP Franc
Greece 72.69 Drachma
Hong Kong 3.78 HK Dollar
India 5.87 Rupee
Indonesia 542.34 Rupiah
Ireland .40 I Pound
Israel 718.19 Shekel
Italy 828.07 Lira
Jamaica 2.52 J Dollar
Japan 97.99 Yen
Korea 522.71 Won
Malaysia 1.18 M Dollar (Ringgit)
Mexico 223.68 Peso
Netherlands 1.37 Florin (Guilder)
Norway 3.71 Krone
Pakistan 7.67 Rupee
Papua New Guinea .49 Kina
Philippines 8.87 Peso
Portugal 77.32 Escudo
Singapore 1.02 S Dollar
South Africa 1.27 Rand
Spain 75.29 Peseta
Sri Lanka 13.24 Rupee
Sweden 3.72 Krona
Switzerland 1.02 Franc
Taiwan 23.42 Tw Dollar
Thailand 12.61 Baht
Tonga .71 Pa’anga
United Kingdom .34 Pound
U.S.A. .48 Dollar
West Germany 1.22 Mark
Western Samoa 1.06 Tala

Dated at Wellington this 17th day of December 1985.

M. J. BELGRAVE, Comptroller of Customs.

Price 52

BY AUTHORITY: V. R. WARD, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1986

46029A—86PT


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✨ LLM interpretation of page content

🏭 Customs Exchange Rates Notice (No. 1) 1986

🏭 Trade, Customs & Industry
17 December 1985
Exchange Rates, Customs, Duty Assessment, Currency Conversion, Schedule
  • M. J. Belgrave, Comptroller of Customs