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Gambling is a liberalized industry in New Zealand. This liberalized industry raises more than NZ$ 2.034 billion yearly making it one of the most lucrative industries in the country. For example, the cheese industry in the country is worth NZ$1.9billion only. Interestingly, gamblers in New Zealand focus on four activities which are namely horse racing, lotteries, pokies, and casinos. Today, online casinos are becoming more popular than ever as people seek the conveniences of playing on them. However, many New Zealanders play on these online casinos with foreign currencies. Here are 4 advantages of gaming in NZ dollars.
1. Stable Currency
New Zealand has a stable economy, which ranks at number 53 worldwide nominally and 68 when measured by power purchasing parity. The country has strong ties with other economies as well including the United States, China, Japan, and South Korea. This robust economy has a positive impact on the New Zealand dollar, as do these beneficial international ties. More specifically, they stabilize this currency. In other words, it does not fluctuate easily.Therefore, there is little or no foreign exchange risk when you are gaming in NZ dollars. Instead, your winnings are secure because the value of these earnings remains stable over time. This stability arises because the NZ dollar is a resilient currency backed by a strong economy.
2. Widely Acceptable
What is the point of winning when you cannot use your winnings because they are not acceptable to many people? Remember, accepting a currency is a voluntary act. Therefore, some people and even banks may refuse particular currencies because of one reason or the other. Gamble with a currency that is readily acceptable worldwide. For example, did you know that the NZ dollar is the official legal tender in five territories? These territorie… Read More
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