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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 her portrait was replaced with pictures of plants and animals.
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
The official currency of Tuvalu from 1966 to 1976 was the Australian dollar, which strengthens the economic bonds between the two countries in particular. Since 1976, Tuvalu began issuing its own coinage (see Tuvaluan dollar ) but the country continues to use Australian banknotes as official currency, and the value of the Tuvaluan currency is ...
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
Australia remains a substantial donor of foreign aid to Fiji. In 2018-19, Fiji received $58.1 million in aid from Australia. [10] In 2021, the Australian government pledged to provide a $68 million loan to Fiji to upgrade its airports, as part of a step-up in infrastructure lending across the Pacific to help the region recover from the COVID-19 pandemic. [11]
The Kiribati 1 dollar is the same twelve sided shape as Australia's 50 cents coin, but it is smaller and weighs 4.3 grams less than both the Australian and Kiribati half dollars. In 1989, nickel-brass 2 dollar coins were introduced coinciding with Kiribati's tenth anniversary of independence, and followed Australia's issuance of its 2 dollar ...
On 28 November 1967, Fiji decided to partially revalue its pound, hence resulting in a sterling exchange rate of £104/10/– Fijian = £100 stg. [1] This had the effect of bringing the Fijian pound closer to its original relationship to the Australian and New Zealand units as existed prior to the upheavals which took place in the exchange ...
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.