The first Chatham Islands banknotes were issued in 1999, when the Reserve Bank of New Zealand authorized a
private organization, the Chatham Islands Note Corporation, to issue banknotes to commemorate Chatham Islands being
the first land to enter the third millennium.
The Chatham Islands Note Corporation issued 2 series of banknotes before it went out of existence in 2003. The
Series I notes were printed in late 1999 in time for release on January 1, 2000 in denominations of $2, $3, $10 and
$15. The Series II notes were printed some time during the year 2000 for release in 2001 in denominations of $3,
$5, $8, $10 and $15.
These Chatham Islands notes were generally accepted by merchants on the Chatham Islands. The Chatham Islands
dollar was pegged at the same rate as the New Zealand dollar.