New Zealand passes law guaranteeing bank deposits up to NZ$100,000 ...Middle East

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New Zealand passes law guaranteeing bank deposits up to NZ$100,000
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New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill will cover some 93% of all depositors in New Zealand in banks, credit unions, building societies and finance companies, Finance Minister Grant Robertson said in a statement.

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