The Fijian Dollar is the currency of Fiji, managed by the Reserve Bank of Fiji. It has been free-floating since 2009 and serves the country's tourism-dependent economy in the South Pacific.
Economy
Fiji is a member of Pacific Islands Forum, Melanesian Spearhead Group, Commonwealth, ACP.
Imports are manufactured goods, machinery, petroleum products, food, chemicals.
Major exports include sugar, garments, gold, timber, fish, molasses, coconut oil, mineral water.
GDP: $5.5 billion (2023 est.).
GDP per capita: $6,049 (2023 est.).
Unemployment rate: 4.5% (2017 est.).
Inflation rate: 4.4% (2023 est.).
Main trading partners: Australia, United States, New Zealand, Singapore, China, Tuvalu.
Trade agreements: PACER Plus, MSG Trade Agreement, Various bilateral agreements.
History
Previous currencies used: Fijian pound, Australian pound, British pound.
The Fijian dollar was introduced in 1969, replacing the Fijian pound. It was initially pegged to the British pound, then to various currency baskets before becoming free-floating.
1969: FJD introduced, replacing Fijian pound at 2:1
1975: Reserve Bank of Fiji established
1987: Military coups impact economy
1998: Basket peg adopted
2009: Free float adopted
2020: COVID-19 pandemic impact on tourism
Exchange rate peg: GBP (1969-1975).
Exchange rate peg: Basket peg (1975-2009).
Exchange rate peg: Free floating (2009-present).
General Information
ISO 4217 Code: FJD
Symbols: FJD/$
Currency Subunits: 100 cents
Central Bank: Reserve Bank of Fiji
Monetary Policy: Inflation targeting with free-floating exchange rate. Focus on price stability and supporting tourism-dependent economy.
USD Exchange Rate: Variable (approximately 2.2 FJD per USD)
Pegged To: None (Floating)
Capital: Suva
Population: 936,375 (2023 est.)
Area: 18,274 km²
Languages: English (official), Fijian (official), Hindi
Time Zones: UTC+12 (Fiji Time)
Government Type: Parliamentary republic
Head of Government: President (head of state), Prime Minister (head of government)
Independence: October 10, 1970 (from United Kingdom)
Ethnic Groups: iTaukei 56.8%, Indo-Fijian 37.5%, Rotuman 1.2%, Other 4.5%
Religions: Christian 64.4%, Hindu 27.9%, Muslim 6.3%, Sikh 0.3%, Other 0.3%, None 0.8%
Literacy Rate: 99.1% (2018 est.)
Transport: Nadi International Airport, inter-island flights, limited road network, ferry services between islands
Communications: Good telecommunications, 64% internet penetration, mobile coverage on main islands
Energy: Hydroelectric 60%, Fossil fuels 25%, Biomass 10%, Solar 5%
Countries Using This Currency: Fiji
Data Sources: Central Bank: Reserve Bank of Fiji (rbf.gov.fj), Economic Data: Fiji Bureau of Statistics, World Bank, IMF, Trade Data: Fiji Revenue and Customs Service, Demographic Data: Fiji Bureau of Statistics, Geographic Data: Fiji Meteorological Service, Historical Data: Reserve Bank of Fiji archives