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Is NZ's central Bank the same as the Federal Reserve?

 
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Zekosaurus



Joined: 22 Jun 2008
Posts: 110



PostPosted: Sat Feb 19, 2011 1:23 pm    Post subject: Is NZ's central Bank the same as the Federal Reserve?  Reply with quote

Is the New Zealand central Bank privately owned and does it force us to pay income tax on the interest for printing and loaning us the money?  How does it really work?  I'm surprised that I know how the Federal Reserve works but not how the system works where I live.


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