<P> The Reserve Bank of New Zealand (RBNZ, Māori: Te Pūtea Matua) is the central bank of New Zealand . It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989 . The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy . The Bank's current Governor is Graeme Wheeler . Employees of the bank operate under the framework of a managerial hierarchy . </P> <P> The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions . </P> <P> Unlike the United States Federal Reserve, the Reserve Bank does not have elements of private ownership; according to its website, "The Reserve Bank does not have shareholders . It is 100%' owned' by the New Zealand Government, with any extra revenue that the Reserve Bank makes going back into the Crown accounts . The Central Bank is not a government department, but is a body corporate whose finances are included in the Crown accounts ." </P> <P> The Reserve Bank's primary function, as defined by the Reserve Bank of New Zealand Act 1989 is to provide "stability in the general level of prices ." </P>

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