The Cook Islands, a sovereign state in free association with New Zealand, uses two official legal tender currencies. The New Zealand Dollar circulates in parallel with the local Cook Islands Dollar; at the same time, the government also authorises many legal tender coins in the Cook Islands Dollar currency for collector's purposes or for investment.
Many of these are in standard bullion sizes, including the large five kilograms of silver format. The products are legal tender, which makes them exempt from some taxes in some jurisdictions. |