New Zealand Gazette – 1986 – No. 95

Page 2675

✨ Currency Realignment Report

24 JUNE THE NEW ZEALAND GAZETTE

28. Movements in Currency Values

In accordance with the Particular Accounting Policy adopted in respect of foreign currencies exchange rates were officially realigned on 1 March 1986. The New Zealand dollar values of overseas public debt, investments, and cash holdings were adjusted accordingly. There were also several individual alterations during the year which necessitated adjustment to the New Zealand dollar values of the overseas investments and cash holdings concerned.

The total net increase in the public debt of $1,776,577,000 arising from 1 March 1986 realignment consisted of:

Realignment

1 March 1986

	Increase	Decrease
	$(000)	$(000)
Loans denominated in—
Australian dollar	491
Canadian dollar	1,214
Deutschemark	255,125
European currency unit	90,550
French franc	1,175
Indian rupee	465
Japanese yen	751,260
Dutch guilder	34,816
Pound sterling	143,917
Swiss franc	298,668
United States dollar	198,680
	1,776,361
IBRD loans (various currencies)	216
Net increase	$1,776,577	$1,776,577

The total net increase of $29,329,000 in the overseas investments consisted of:

Realignment

1 March 1986

	Increase	Decrease
	$(000)	$(000)
Investments denominated in—
Canadian dollar	465
Deutschemark	2,826
Dutch guilder	2,594
French franc	14
Japanese yen	9,483
Pound sterling	6,181
Swiss franc	478
United States dollar	7,288
	29,329
Net Increase	$29,329	$29,329

B. V. Galvin,
Secretary to the Treasury.
30 April 1986

R. C. W. Hamilton,
Director, Financial Management, Treasury.
30 April 1986

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VUW Te Waharoa — NZ Gazette 1986, No 95

NZLII — NZ Gazette 1986, No 95

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✨ LLM interpretation of page content

💰 Movements in Currency Values and Public Debt Adjustments

Domain💰 Finance & Revenue
Dated30 April 1986
KeywordsCurrency Realignment, Public Debt, Exchange Rates, Overseas Investments, Foreign Currencies
👩‍💼 Officials

B. V. Galvin, Secretary to the Treasury
R. C. W. Hamilton, Director, Financial Management, Treasury

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