The New Zealand Dollar, abbreviated as NZD, is the official currency of New Zealand. It is symbolized by the dollar sign ($) and is often denoted as NZ$ to distinguish it from other dollar-denominated currencies. The NZD is subdivided into 100 cents and is issued by the Reserve Bank of New Zealand. Introduced in 1967, the New Zealand Dollar replaced the New Zealand pound. It is widely used in international trade and is considered a commodity currency due to New Zealand's significant exports in agriculture and natural resources. The NZD is also traded on global financial markets.