Devaluing the dollar | Balance of payments | Te Ara Encyclopedia of New Zealand
teara.govt.nz
Devaluing the dollar | Balance of payments | Te Ara Encyclopedia of New Zealand
In 1984, in the midst of a constitutional crisis over the roles of outgoing Prime Minister Robert Muldoon and incoming Prime Minister David Lange, New Zealand devalued its currency by 20%. Watch this clip from a TV news broadcast of Lange announcing the large devaluation.
Jul 19, 2011
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