New Zealand

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    New ZealandNew Zealand is a small island country close to Australia. Its currency is the New Zealand dollar (NZD) issued by the Reserve Bank of New Zealand.

    New Zealand is heavily dependent on international trade, particularly in agricultural products. Its major export partners are Australia, United StatesJapanChina, and the United Kingdom. New Zealand’s high dependency on exports makes it vulnerable to international commodity prices and global economic slowdowns.

    New Zealand also has close economic ties with its neighbour Australia. When paired with third currencies, the Australian dollar and the New Zealand dollar often correlate closely.