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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.
In 1969, the Fijian pound was replaced by the Fijian dollar at a rate of 1 Fijian pound = 2 Fijian dollars such that the new Fijian dollar was approximately equal to the new dollars in Australia and New Zealand. In June 1972 the United Kingdom unilaterally ended its sterling area-based exchange control laws and floated the pound sterling.
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 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.
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 ...
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 ...
The pound (sign: £, £A [1] for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d).
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.