Record number of immigrants enter New Zealand
New Zealand has recorded its highest number of immigrants ever over the past 12 months. More than 105,000 immigrants have entered the country helped by a boost in the number of foreign students coming from countries like India and an increase in the number of Kiwi expats returning across the Tasman from Australia.
The number of New Zealanders going to Australia dropped to just 6,000 the lowest figure recorded since 1994. The net gain for the past year after departures are taken into account was a record 45,000 people.
According to Professor Paul Spoonley, pro-Vice Chancellor at Massey University, the number of people coming to New Zealand has far outstripped the expectations of the Treasury. He added that if the situation remains as it is the immigration figure could get close to 50,000.
Professor Spoonley said the rise in immigration numbers is partly to do with people who had delayed their moving plans because of the global economic crisis.
The kiwi government is planning to hold fairs across Australia to try and attract skilled NZ expats home. Steven Joyce, Minister for Skills and Employment, said there are shortages in sectors like engineering and ICT. He added that skilled expats might like to return home now that the economy is stronger.
The NZD exchange rates on 23/10/2014 were as follows: GBP NZD = 2.0487, EUR NZD = 1.6161, USD NZD = 1.2775, AUD NZD = 1.1192, CHF NZD = 1.3394, INR NZD = 0.0209, AED NZD = 0.3481, MXN NZD = 0.0942, CAD NZD = 1.1382, ZAR NZD = 0.1164, RUB NZD = 0.0307, . See today's New Zealand Dollar Exchange Rate
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