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Total credit cards outstanding in New Zealand in October 2009 stood at NZ$5.18 billion (US$3.8 billion or 2.5 billion euros), data from the Reserve Bank of New Zealand reveals. This represents a seasonally adjusted decline of 0.6% from October 2008 when it stood at NZ$5.21 billion, central bank data reveals. The figure for October 2009 also represents a month-over-month rise of 0.1%. Credit limits in October 2009 stood at NZ$17.5 billion, down by 0.9% from October 2008 when it stood at NZ$17.7 billion. Card billings for October 2009, including overseas and domestic cards, stood at NZ$2.3 billion, a seasonally adjusted decline of 0.4% from NZ$2.4 billion in October 2008. Of the above, domestic card billings accounted for NZ$2 billion in October 2009, representing a seasonally adjusted decline of 0.7% from NZ$2.15 billion in 2008, the data reveals.

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