1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.2314 NZD (New Zealand Dollar). It is the official currency of New Zealand. The currencies of countries such are Tokelau, Pitcairn Islands, Niue, and Cook Islands are pegged to NZD. 1 NZD (New Zealand Dollar) is sub-divided into100 Cents. The issue of the currency is controlled by the central bank, Reserve Bank of New Zealand. The currency NZD (New Zealand Dollar) is pegged to none.