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Fiji







Basic Data:

  • Country ISO Code: FJ

  • Official Language: Fijian

  • Language ISO Code: fj

  • Current Official Currency: Fijian Dollar

  • Current Currency ISO Code: FJD

Complete Financial History of the Fijian Dollar:

Current Official Currency: Fijian Dollar (FJD)

  • Currency ISO Code: FJD

  • Designs / Symbols: Coins depict native flora and fauna as well as national symbols; banknotes feature historical and cultural figures of Fiji with colorful designs and advanced security features. The currency symbol is "$" or "FJ$" to distinguish it from other dollar currencies.

  • Singular Name: dollar

  • Plural Name: dollars

  • Monetary Subdivision: 1 dollar = 100 cents

  • Fraction Name Singular: cent

  • Fraction Name Plural: cents

  • Initial Production Date: 1969 (introduction of the Fijian dollar)

  • End Production Date: still in circulation

  • Initial Circulation Date: 1969

  • End Circulation Date: still in circulation

  • Mint: Royal Australian Mint (Australia) and other international mints under contract

  • Issuing Bank: Reserve Bank of Fiji

  • Coin Denominations Currently Minted: 5, 10, 20, 50 cents; 1 and 2 dollars

  • Banknote Denominations Currently Issued: 5, 10, 20, 50, 100 dollars

Historical and Economic Context:

  • Prior to 1969, Fiji used the Fijian pound, pegged to the British pound sterling.

  • In 1969, Fiji adopted the decimal Fijian dollar, replacing the pound at a rate of 2 dollars to 1 pound.

  • Fiji’s economy heavily depends on tourism, agriculture, and exports such as sugar and bottled water, influencing the currency’s stability and value.

  • Fiji has experienced economic fluctuations and political crises that temporarily affected confidence in the currency.

  • The Reserve Bank of Fiji is responsible for currency issuance and monetary policy to maintain economic stability.

Mints / Production Locations:

  • Coins are primarily minted at the Royal Australian Mint and other international mints under contract.

Designs / Symbols on Coins and Banknotes:

  • Coins feature native animals and plants, such as the Kākā parrot and hibiscus flower.

  • Banknotes display historical and cultural figures, including political leaders and traditional Fijian symbols.

Mintages / Quantities / Honorees and Marks:

  • Regular and commemorative coin and banknote issues celebrate national and cultural events.

Curiosities / Commemorative Coins:

  • Fiji issues commemorative silver and gold coins to mark anniversaries and important cultural events.

Current Circulation Status:

  • The Fijian dollar is active and the official currency in circulation in Fiji.

Issuing Authority:

  • The Reserve Bank of Fiji is the issuing and regulatory authority for the currency.

Relevant Monetary Legislation:

  • Reserve Bank of Fiji Act and related regulations govern currency issuance and control.

Names and Titles on Banknotes:

  • Banknotes bear the signature of the Governor of the Reserve Bank of Fiji and other authorized officials.

Persons Honored on Coins and Banknotes:

  • Historical leaders, cultural figures, and national symbols of Fiji.

Summary of Coins and Banknotes Currently in Circulation:

TypeDenominations in Circulation
Coins 5, 10, 20, 50 cents; 1 and 2 dollars
Banknotes 5, 10, 20, 50, 100 dollars
 

This report provides a comprehensive overview of Fiji’s financial history, highlighting the evolution and current status of the Fijian dollar as the country’s official currency.



Fonte:

Autor do blog: Nilton Romani

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