Labour supports bill to lower NZ dollar

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Sat, 22 Sep 2012 6:15p.m.

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Labour is supporting Winston Peters' plan to lower the high Kiwi dollar.

Labour is supporting Winston Peters' plan to lower the high Kiwi dollar.

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7/10/2012 8:27:41 p.m.

James wrote:

I dont know what is more appealing. More money from exporting rural stuff while the price of living goes up (mind you oil cost too much already). Or keep the things the way they are at this moment. Hmmm the obvious one is keep it at what it is at this moment

24/09/2012 11:40:39 a.m.

Geoff wrote:

Agreed BOB...!Anybody thinking that the RBNZ can "control" our exchange rate knows little too nothing about FX markets.If Japan can't do it...you really think we can?

23/09/2012 1:28:34 p.m.

mark wrote:

While this may be good for a small minority of exporters, New Zealand imports include: vehicles electronics petroleum and fuels / refined oil textiles plastics motor cars aircraft and aircraft parts TV receivers, including video monitors and projectors telephone equipment medical instruments medicaments Automatic data process machines In the year ending September 2011, the price spent on importing sugar and sugar confectionery has increased by more than 22%, jumping from $329 million to $403 million. Lowering the dollar will only increase the cost of living in new zealand as we do not have the manufacturing base or the agricultural base to be self sufficient. This is why Labours previous attempts failed basic schoolboy economics told them this, but they still muddled through.