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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. [1]
The Reserve Bank of Fiji (RBF; Fijian: Maroroi Baqe ni Viti) is the central bank of the Pacific island country of Fiji. Its responsibilities include the issue of currency , control of the money supply , currency exchange , monetary stability, promotion of sound finances, and fostering economic development .
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
Bangalore also achieved full computerization of the Indian Passport Distribution process, first in the country. The digital office of the Income Tax Department of India is based in Bangalore. The need for the build of systems to collect and refund taxes for millions of citizens and need for data analytics and AI to prevent fraud meant that ...
Fiji–India relations are the foreign relations between Fiji and India. Fiji has a high commission in New Delhi , whilst India has a high commission in Suva . There are strong cultural links between the countries as 38 percent of Fiji's population is of Indian descent .
India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15]
In 1969, the Colony of Fiji introduced the Fijian dollar at the rate of 2 dollars = 1 Fijian pound. Coins issued include 1, 2, 5, 10 and 20 cents. Coins issued include 1, 2, 5, 10 and 20 cents. The 50 cent coin was issued in 1975 to replace the banknote of earlier issue.
He said that the government of India had loaned F$86 million for upgrading of Fiji's sugar mills, which would be completed in time for the 2007-2008 crushing season. On 28 December 2005, John Teiwa of the Coconut Industry Development Authority announced that a 20-year plan for the coconut industry would be launched in 2006.