New Zealand uses the New Zealand Dollar as its circulation currency for daily transactions. The country also issues a number of commemorative and collector coins, including in the internationally popular one ounce of silver format (abbreviated as 1 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). Authorised by the Reserve Bank of New Zealand, the official issuer of these coins is NZ Post - which also issues the country's postal stamps. Manufacturing of the coins is commissioned to various foreign mints.
The coins are "Non-Circulating Legal Tender" (NCLT) and not bullion because they are issued at prices much higher than their intrinsic value and are targeted at collectors who appreciate them for their artistic or sentimental value, and not at bullion investors.
This design is the first commemorative coin to celebrate the kākā, an endemic New Zealand parrot; it marks it as a taonga (treasure) of Aotearoa New Zealand.
Generally heard before they are seen, kākā (kaka) are large, forest-dwelling parrots that are found on the main islands of New Zealand and on several offshore islands. Much reduced in range and abundance in the North and South islands due to forest clearance and predation by introduced mammals, kaka are most abundant on offshore islands that have no introduced mammals. | 
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