Rothschild involvement

Paul Millar made this Official Information request to Reserve Bank of New Zealand

The request was successful.

From: Paul Millar

Dear Reserve Bank of New Zealand,

I would like a categorical response to the question- " What influence does the Rothschild family exert over the reserve bank of New Zealand?

Yours faithfully,

Paul Millar

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From: Angus Barclay
Reserve Bank of New Zealand

Hello Mr Millar

 

The Rothschild family has no influence over the Reserve Bank of New
Zealand.

 

The Reserve Bank of New Zealand is a body corporate, established and
authorised by New Zealand’s Parliament, and  wholly owned by the
government of New Zealand.  It was established in 1934 by an Act of
Parliament.  The Reserve Bank of New Zealand Act 1936 nationalised the
organisation – that is: the private owners’ shares were cancelled and the
New Zealand government took 100 percent ownership.  The New Zealand
government has continued to own the Reserve Bank of New Zealand ever since
then.  

 

You can find more information about the origins of the Reserve Bank in
this article: The policy origins of the Reserve Bank of New Zealand

[1]http://www.rbnz.govt.nz/-/media/ReserveB...

 

You can see the law that established the organisation here: Reserve Bank
of New Zealand Act 1933

[2]http://www.nzlii.org/cgi-bin/download.cg...

 

You can see the law that removed the private owners here: Reserve Bank of
New Zealand Act 1936

[3]http://www.nzlii.org/cgi-bin/download.cg...

 

Parliament updated the law in 1964 in order to make better provision for
the control of foreign exchange, but continued to keep the same
organisation in existence and also kept 100 percent ownership;

You can see the updated law here: Reserve Bank of New Zealand Act 1964

[4]http://www.nzlii.org/nz/legis/hist_act/r...  

 

Parliament updated the law again in 1989 to make inflation fighting the
organisation’s main purpose, but still continued to keep the same
organisation in existence and also still kept 100 percent ownership;

You can see the updated law here: Reserve Bank of New Zealand Act 1989

[5]http://www.legislation.govt.nz/act/publi...

 

regards

Angus Barclay    

External Communications Advisor | Reserve Bank of New Zealand 

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

[6]www.rbnz.govt.nz

 

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