It looks that the Bank Of Sick England forgot to reduce the New Zealand dollar.
The nation is considered developed but poor in reality.
S1000+
Dollar dips after Key's currency comments
The New Zealand dollar dipped slightly this
afternoon after international news agencies reported Prime Minister
John Key's long held concerns about the strength of the local currency.
Reuters
said that Mr Key expressed concerned about the dollar's impact on
exports while being interviewed on a business television programme.
"There
is that concern where we end with a position where we choke off that
growth in exports that we wanted to see in terms of getting a balanced
recovery," Mr Key told CNBC on the sidelines of the Asia Pacific
Economic Cooperation (Apec) forum meeting in Singapore.
The dollar had been trading at around US73.35c prior to the comments and dipped
to a recent low of US73.13c shortly afterwards.
It was not apparent if the movement was related to the reports.The dollar was
trading as high as US76c in October and has since been bouncing around in that
area.
Mr
Key and his Finance Minister Bill English have often expressed concern
about the value of the dollar and its effects on exporters as well as
lowering the cost of consumer imports.Both have also said that much of the
strength of the local currency is in a large part caused by the weakness of the
US dollar.
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S1000+
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