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Fiji Currency

ISO 4217 code
FJD
Central bank
Reserve Bank of Fiji
 Website
www.reservebank.
gov.fj
User(s)
Fiji
Inflation
7.4%
 Source
Reserve Bank of Fiji,
January 2008 est.
Subunit
 1/100
cent
Symbol
FJ$
Coins
5¢, 10¢, 20¢, 50¢, $1, $
2
Banknotes
$2, $5, $10, $20, $50,
$100
The Fijian dollar
(currency sign: $;
currency code: FJD) has
been the currency of Fiji
since 1969 and was also
the currency between
1867 and 1873. It is
normally abbreviated
with the dollar sign $, or
alternatively FJ$ to
distinguish it from other
dollar-denominated
currencies. It is divided
into 100 cents.
Second dollar (1969 -
Present)
The dollar was
reintroduced on 15
January 1969, replacing
the Fijian pound at a
rate of 1 pound = 2
dollars, or 10 shillings =
FJ$1. Despite Fiji having
been a republic since
1987, coins and
banknotes continued to
feature Queen Elizabeth
II until 2013 when they
were replaced with
pictures of plants and
animals.[1]
Decimalisation
origins
Fiji followed the pattern
of South Africa,
Australia, and New
Zealand in that when it
adopted the decimal
system, it decided to
use the half pound unit
as opposed to the
pound unit of account.
The choice of the name
dollar was motivated by
the fact that the
reduced value of the
new unit corresponded
more closely to the
value of the US dollar
than it did to the pound
sterling.
Coinage
Main article: Coins of the
Fijian dollar
In 1969, coins were
introduced in
denominations of 1¢, 2¢,
5¢, 10¢ & 20¢, with a
50¢ coin issued in 1975.
The coins had the same
sizes and compositions
as the corresponding
Australian coins, with
the 50 cents matching
the cupronickel
dodecagonal type
introduced in Australia
in 1969. In 1990, new
compositions were
introduced, with copper-
plated zinc used for the
1¢ and 2¢ coins, and
nickel-plated steel for
the 5¢, 10¢, 20¢ & 50¢.
An aluminium-bronze $1
coin was introduced in
1995. 2009 saw the
introduction of a new
smaller coinage from 5
to 50 cents.[2] In 2013
Fiji released a whole
family of new coins,
with fauna themes, and
without the Queen's
bust.


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