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The New Zealand dollar is accepted as legal tender in New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and the Pitcairn Islands, which are a British overseas territory. The dollar sign is almost always used to denote it within New Zealand, with "NZ$" occasionally being used to distinguish it from other dollar-denominated currencies. 100 cents make up one dollar, which was first introduced in 1967. The 10-cent coin is the smallest of the five coins and five banknotes that are available; lesser denominations have been abandoned due to inflation and production costs. Due to the kiwi's appearance on its one-dollar coin, the New Zealand dollar is occasionally colloquially referred to as the "Kiwi" or "Kiwi dollar" in the context of currency trading. It is the tenth-most traded currency in the world, accounting for 2.1% of daily activity on the international foreign exchange market in 2019.