Fiji Dollars (FJD)

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    Currencies, Education
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Hakan Kwai
Instructor

The Fiji Dollar (FJD) is the official currency of the Republic of Fiji. Fiji is an island nation located in the Pacific Ocean. The Reserve Bank of Fiji is responsible for issuing the Fiji Dollar and managing monetary policy.

 

The Fiji Dollar is divided into subunits called “cents.” One Fiji Dollar is equal to 100 cents. Banknotes in denominations of 2, 5, 10, 20, 50, and 100 dollars are in circulation, while coins are available in denominations of 5, 10, 20, and 50 cents.

 

The Fiji Dollar is widely used as the local currency in Fiji’s economy. It is also used in activities related to foreign trade and foreign investment, including the tourism sector.

 

The value of the Fiji Dollar is determined in the foreign exchange markets and is subject to fluctuations. The Reserve Bank of Fiji attempts to manage exchange rates through monetary policy and takes necessary steps to maintain economic stability.

 

The Fiji Dollar is not widely traded in international foreign exchange markets. However, it is commonly used among tourists visiting Fiji and local businesses.

 

For more information about the Fiji Dollar or to access current exchange rates, it is recommended to contact the Reserve Bank of Fiji or financial institutions involved in foreign exchange trading.

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