Ian Woolford: Reserve Bank Director of Money and Cash on King Charles featuring on the 10 cent coin from 2027

A new face is coming to New Zealand’s coins.   An image of King Charles has officially been approved to feature on the 10 cent coin from 2027.   2024 will be stamped on the currency – the year the Reserve Bank ordered them.   A koruru image will remain on the reverse side, as it has since 1967.  Ian Woolford, Director of Money and Cash at the Reserve Bank, told Mike Hosking it’s taken so long as they already have quite a big inventory of coins and bank notes.  He says 10 cent coins are the ones they need to stock up on, which is why they’re the first cab off the rank.  LISTEN ABOVE See omnystudio.com/listener for privacy information.