New Fiji Circulating Coins
View Larger Fiji MapThe Reserve Bank of Fiji (RFB)
on Thursday unveiled lighter and smaller 5c,
10c, 20c, 50c and $1 coins. The series of coins
will enter circulation beginning January 13 to
coincide with Fiji’s 40th anniversary of decimal
The coins bear the same designs as the old to
help ease in the transition, but varied edges
have been introduced for the 5, 20, and 50 cent
coins. They have plain, interrupted serrations,
and rough edges, respectively, to better
identify each coin series.
RFB announced the coinage changes in September
and phased out its 1c and 2c coins in
mid-October as part of a cost savings plan.
"If we were to produce the same quantity of our
current coins, it would have cost us
approximately $8 million more. We saved
approximately $5 million by not minting the 1
and 2 cents coins and a further $3 million by
reducing the size, weight and metal
composition," Governor Narube said.
"The benefits do not end there. Due to the
significant reduction in size and weight of
these new coins, individuals and businesses will
save substantial costs in terms of
transportation, handling and storage," Narube
The replaced coins will be legal tender until
April 1, but may still be exchanged after at the
Reserve Bank of Fiji.
Governor Narube also revealed the Royal Canadian
Mint, who has produced past Fiji coins, was
awarded a contract to mint a five year supply of
the new coins for approximately $7.8 million.