Overview
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.
- Main industries include: Tourism, Sugar processing, Clothing, Copra, Gold, Silver, Lumber.
- Fiji is part of the World Trade Organization.
- 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.
- Bills: 5 FJD, 10 FJD, 20 FJD, 50 FJD, 100 FJD
- Coins: 5 cents, 10 cents, 20 cents, 50 cents, 1 dollar, 2 dollars
- 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
- Last Updated: 2025