Answer:
New Zealand decimal currency was introduced on the 10th of July, 1967. It is based on 100 cents = 1 Dollar.
The system it replaced was based on the old British monetary system of Pounds, Shillings and Pence. 12 pence = 1 shilling, 20 shillings = 1 pound.
The old New Zealand currency included the Halfpenny, Penny, Threepence, Sixpence, Shilling, Florin (Two Shillings), Halfcrown (Two Shillings and Sixpence) and the Crown (Five Shillings) coins and, the Ten Shilling, One Pound, Five Pound, Ten Pound and Fifty Pound notes.
In 1967, the new currency included the 1 cent, 2 cent, 5 cent, 10 cent, 20 cent and 50 cent coins and, the One Dollar, Two Dollar, Ten Dollar, Twenty Dollar and One Hundred Dollar notes.