The Fijian Dollar: Everything You Need to Know

What is the official currency of Fiji?

The official currency of Fiji is the Fijian dollar. It is denoted by the symbol FJ$ or FJD.

When was the Fijian dollar introduced as the official currency?

The Fijian dollar was introduced as the official currency of Fiji in 1969, replacing the Fijian pound at a rate of 1 pound to 2 dollars.

What are the denominations of the Fijian dollar?

The Fijian dollar is available in banknotes of denominations $5, $10, $20, $50, and $100, and coins of denominations 5, 10, 20, and 50 cents, as well as $1 and $2.

Who issues and regulates the Fijian dollar?

The Reserve Bank of Fiji is responsible for issuing and regulating the Fijian dollar. It is the central bank of Fiji and plays a crucial role in maintaining the stability of the currency.

How is the exchange rate of the Fijian dollar determined?

The exchange rate of the Fijian dollar is determined by various factors such as the countrys economic performance, inflation rates, interest rates, and foreign exchange reserves. The Reserve Bank of Fiji intervenes in the foreign exchange market to maintain a stable exchange rate.

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