The herald reports that it is likely that the current taskforce on getting NZ economy back up to speed with the Australian economy will recommend replacing the Kiwi Dollar with the Aussie.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10598348

The Government’s transtasman taskforce is to investigate scrapping the Kiwi dollar and adopting an Aussie one.

Don Brash, chairman of the 2025 Taskforce and former governor of the Reserve Bank, confirmed he would report back in November on whether a common currency would help raise New Zealand living standards to Australian levels.

Brash said New Zealand would be more likely to cancel the Kiwi currency, replacing it with cash stamped “Reserve Bank of Australia”.

The notes would probably retain images like those of Sir Edmund Hillary and Sir Apirana Ngata, so they would look Kiwi – apart from that vital difference in the fine print.

A major benefit would be a fall in interest rates to Australian levels, making business more productive. But economic authorities would be concerned this cheap money would spark a property boom. Currency union would mean New Zealand could no longer adjust interest rates to control booms.

The sooner we do it the better. And while we are at it can we just hurry up and become another state of Australia, and make both countries (or the one) a completely independent republic at the same time. Or are my dreams just too good to possibly come true?