Rush In Suva To Negotiate Notes
(Neto Zealand Press Association) SUVA, June 20. Shopkeepers at Suva rushed to deposit New Zealand notes in banks today after a warning that the banks may in future refuse to negotiate them.
The banks are awaiting clarification of the Budget restrictions but one interprets the ban on the importation of notes valued at more than £5 as. meaning that overseas banks will be unable to repatriate New Zealand notes in future.
on a cruise in the Oriental Queen. Many of the visitors have taken advantage of the previous permission to carry up to £l5 in New Zealand notes. An official of the Reserve Bank said in Wellington today, that New Zealand banknotes purchased in good faith from New Zealand travellers overseas up to the Budget of last Thursday would be honoured by the Reserve Bank.
Shops and hotels have had New Zealand pound notes from travellers in the Oriana last week and New Zealand bowlers now in Fiji for the South Pacific bowling championships. More are being offered today by returned servicemen
But no notes purchased from New Zealand travellers since the Budget may be repatriated.
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Press, Volume CVI, Issue 31092, 22 June 1966, Page 18
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192Rush In Suva To Negotiate Notes Press, Volume CVI, Issue 31092, 22 June 1966, Page 18
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