Australia and New Zealand To Share Dollar?


There’s always been a close relationship between Australia and New Zealand. We see it as being more like sibling rivalry than best friends but given that there’s a lot business transacted between the two countries, any moves that make that easier need to be looked at. So, is a single ANZ currency in the wind?

A recent report [ABC] says that the Productivity Commission is seeking public feedback on the idea of a single ANZ currency.

I’m not a regular visitor to NZ – I get over there every year or so but not having to swap money would be very handy. Coupled with the potential for Australia and New Zealand to share a common border thus changing travel between the two nations from international to domestic status this could be hugely beneficial as a way of promoting both business and tourism between the two.

Full documentation regarding the review is available from the Trans-Tasman Review website [PDF Link] and includes details on how to provide feedback to the review.

Does this seem like a good idea? Or is this just a stepping stone to New Zealand becoming the seventh state or third territory?


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