Story: Balance of payments

Car advertisement, 1966

Car advertisement, 1966

In addition to controls on imports, New Zealand governments imposed restrictions on issuing foreign exchange. So, as this advertisement explains, potential purchasers of cars had an advantage if they possessed foreign exchange and could avoid the waiting lists.

Using this item

Private collection, Tim Chadwick
Reference: Tim Chadwick, Holden: a kiwi passion. Auckland: HarperSports, 2008, p. 30

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How to cite this page:

C. John McDermott and Rishab Sethi, 'Balance of payments - Correcting current account deficits', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/ephemera/23968/car-advertisement-1966 (accessed 15 May 2024)

Story by C. John McDermott and Rishab Sethi, published 11 Mar 2010