The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years.
The central bank paid a $510 million dividend to the government in 2015, a year when a falling kiwi dollar generated gains for the Reserve Bank’s holdings of overseas currencies. The Reserve Bank’s dividend policy is to distribute excess equity to the Crown, and should generally hold on to unrealised gains unless it believes there’s a high probability of that windfall being crystallised.
Read the original here: Reserve Bank to pay $140m dividend from FX gains in greener years
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