Public Gold

Sovereign sharna made this Official Information request to Reserve Bank of New Zealand

The request was partially successful.

From: Sovereign sharna

Dear Reserve Bank of New Zealand,

The public have a right to fully know what is being done with the public's gold that wasn't returned to the rightful owners. And why it wasn't returned to the public.

A, What kind of security is backing the notes? Are you talking securities such as Birth Certificates? Is the payment via a copy of the Birth Certificate the exemption that was provided to the public, including yourself.

B, Something of value (gold) was provided to the Bank. And the gold wasn't returned to the public. Thus, what item of value was returned to the public?

You can't take something of value and not return the equal or equivalent value back to the owner. That just sounds like Theft.

Please answer the question in full. The question was straight to the point.

Yours faithfully,

Sovereign sharna

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From: RBNZ Info
Reserve Bank of New Zealand

Kia ora,

 

Thank you for contacting the Reserve Bank of New Zealand Te Pûtea Matua. 

Please note that this is an automatic reply to acknowledge that we have
received your email.

HOLIDAY HOURS

We will have limited capacity over the holiday period (24 December to 4
January) and there might be a delay in getting back to you.

In the meantime, our website contains answers to [1]frequently asked
questions.

 

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We have been working closely with the whole of Government and industry to
keep our financial system stable ensuring foreign exchange, debt and money
markets are operating efficiently and at low cost.

 

For more information on the range of initiatives we’ve got for New
Zealand’s economic recovery, please see the [2]COVID-19 response page on
our website.

 

Is your business financially affected by COVID-19?

To get more information on key COVID-19 business support packages and how
to access them, check out this [3]resource guide from The Treasury.

 

Firms we regulate

The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).

·        [4]List of registered banks in New Zealand

·        [5]List of licensed insurers

·        [6]Register of licensed NBDTs

 

Complaints about banks, insurers, and NBDTs

If you have a complaint, please deal directly with your bank or insurer in
the first instance. You can also contact the [7]Banking Ombudsman, the
[8]Insurance and Financial Services Ombudsman, or the [9]Financial Markets
Authority.

 

Looking for information about the strength of the financial system?

Check out our [10]Bank Financial Strength Dashboard. You can also read our
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·        [11]Monetary Policy Statement

·        [12]Financial Stability Report

 

Please note that the Reserve Bank is not authorised to give legal or
financial advice. Please contact a lawyer or a financial adviser instead.

 

Banknotes and Coins

·        [13]Returning old or damaged currency

·        [14]The Future of Cash

·        [15]Security and counterfeit detection

·        [16]Using images of currency  

 

We’ll be in touch as soon as possible.

 

 

Ngâ mihi

Reserve Bank of New Zealand | Te Pûtea Matua

 

 

 

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References

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1. https://www.rbnz.govt.nz/faqs
2. https://www.rbnz.govt.nz/covid-19
3. https://treasury.govt.nz/news-and-events...
4. https://www.rbnz.govt.nz/regulation-and-...
5. https://www.rbnz.govt.nz/regulation-and-...
6. https://www.rbnz.govt.nz/regulation-and-...
7. https://bankomb.org.nz/the-complaint-pro...
8. https://www.ifso.nz/complaints/
9. http://www.fma.govt.nz/contact/make-a-co...
10. https://bankdashboard.rbnz.govt.nz/summary
11. https://www.rbnz.govt.nz/monetary-policy...
12. https://www.rbnz.govt.nz/financial-stabi...
13. https://www.rbnz.govt.nz/notes-and-coins...
14. https://www.rbnz.govt.nz/notes-and-coins...
15. https://www.rbnz.govt.nz/notes-and-coins...
16. https://www.rbnz.govt.nz/notes-and-coins...

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From: RBNZ Info
Reserve Bank of New Zealand

Dear Sovereign,

 

Thank you for the following official information request of 4 January
2021:

 

A.      “What kind of security is backing the notes? Are you talking
securities such as Birth Certificates? Is the payment via a copy of the
Birth Certificate the exemption that was provided to the public, including
yourself.

B.      Something of value (gold) was provided to the Bank. And the gold
wasn't returned to the public. Thus, what item of value was returned to
the public?”

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 15 February 2021, being 20 working days after the
day of your request. If we are unable to respond to your request by then,
we will notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests. Where the request is for information that requires
substantial collation, research and preparation work, and is chargeable,
we will work with you first to refine the request to a smaller scale or
scope that is less likely to involve charges.

 

Responses to official information requests are published on the Reserve
Bank’s website. We will confirm in our decision letter to you whether we
intend to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[1]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

Yours sincerely

 

Tobias Vandenberg

Ministerial & OIA Adviser | Reserve Bank of New Zealand | Te Pûtea Matua

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

DDI: + 64 4 474 8628

Email: [2][email address]  | [3]www.rbnz.govt.nz

 

 

 

 

 

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References

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2. mailto:[email address]
3. http://www.rbnz.govt.nz/

Link to this

Mr Rodgers left an annotation ()

NZ dropped the gold standard before the First World War.

There is no gold.

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From: RBNZ Info
Reserve Bank of New Zealand


Attachment OIA21 001 Response to S Sharma.pdf
483K Download View as HTML


Good afternoon S Sharma,

 

Please find attached our response to your official information request of
4 January 2021.

 

Let me know if you have any questions.

 

Kind regards,

 

Tobias Vandenberg

Ministerial & OIA Adviser | Reserve Bank of New Zealand | Te Pūtea Matua

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

DDI: + 64 4 474 8628

Email: [1][email address]  | [2]www.rbnz.govt.nz

 

 

 

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References

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1. mailto:[email address]
2. http://www.rbnz.govt.nz/

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Things to do with this request

Anyone:
Reserve Bank of New Zealand only: