Post by Kiwi Frontline on Sept 24, 2018 17:23:42 GMT 12
THE JOURNEY OF TE PŪTEA MATUA: OUR TĀNE MAHUTA
Te Pūtea Matua is the Māori name for the Reserve Bank of New Zealand. This article presents a broad picture of Te Pūtea Matua’s heritage, role, and interdependencies both within the Bank and economy-wide.
“The establishment of the Reserve Bank of New Zealand in 1934 meant the people and government of New Zealand were better able to manage the economy independent of foreign banks’ credit cycles. In that sense, and drawing on Māori mythology, the Reserve Bank became the Tāne Mahuta of New Zealand’s financial system
“Te Pūtea Matua’s activities include issuing currency to the public, and maintaining price and institutional stability in New Zealand’s money exchange systems. Te Pūtea Matua’s roots are in its legislation. The money exchange systems and functions are its trunk, allowing the money – the sap – to flow throughout the system. The branches are the regulated financial institutions grafted onto the trunk, for their legitimacy and access to the Bank’s money and banking system......
www.scoop.co.nz/stories/PO1809/S00288/the-journey-of-te-putea-matua-our-tane-mahuta.htm
Te Pūtea Matua is the Māori name for the Reserve Bank of New Zealand. This article presents a broad picture of Te Pūtea Matua’s heritage, role, and interdependencies both within the Bank and economy-wide.
“The establishment of the Reserve Bank of New Zealand in 1934 meant the people and government of New Zealand were better able to manage the economy independent of foreign banks’ credit cycles. In that sense, and drawing on Māori mythology, the Reserve Bank became the Tāne Mahuta of New Zealand’s financial system
“Te Pūtea Matua’s activities include issuing currency to the public, and maintaining price and institutional stability in New Zealand’s money exchange systems. Te Pūtea Matua’s roots are in its legislation. The money exchange systems and functions are its trunk, allowing the money – the sap – to flow throughout the system. The branches are the regulated financial institutions grafted onto the trunk, for their legitimacy and access to the Bank’s money and banking system......
www.scoop.co.nz/stories/PO1809/S00288/the-journey-of-te-putea-matua-our-tane-mahuta.htm