What is Fijian Dollar (FJD)?

Fijian Dollar (FJD)

The Fijian Dollar (FJD) has been the currency of Fiji since 1969, replacing the Fijian pound at a rate of 2 FJD for each pound. The currency is symbolized by '$' or 'FJ$' to distinguish it from other dollar-denominated currencies. It is issued by the Reserve Bank of Fiji, which is responsible for maintaining the stability and integrity of the currency.

The FJD is subdivided into 100 cents, and the coins are available in denominations of 5, 10, 20, 50 cents, and 1 and 2 dollars. The banknotes, on the other hand, come in denominations of 2, 5, 10, 20, 50, and 100 dollars. The use of both coins and banknotes facilitates everyday transactions, making it easier for individuals and businesses to engage in commerce.

Fiji's economy relies heavily on tourism, agriculture, and remittances, which significantly influence the demand for the Fijian Dollar on the international market. The currency is known for its vibrant designs, which often feature images of Fiji’s natural beauty, cultural heritage, and important figures in its history. This reflects not only the identity of the nation but also promotes local pride and awareness.

As a member of the Pacific Islands Forum, Fiji engages in monetary policies that are aimed at ensuring economic stability and growth in the region. The FJD is also subject to exchange rates that fluctuate based on global economic conditions, impacting trade and investment. Travelers and businesses dealing with Fiji should be aware of the current exchange rates to make informed financial decisions.

Overall, the Fijian Dollar plays a critical role in the daily lives of Fijians and serves as a vital tool for economic interaction both within Fiji and with the rest of the world.