Central Banking

Fiji launches "smaller, thinner, lighter" coins

The Reserve Bank of Fiji completed its currency reform with the unveiling of new 5, 10, 20, 50 cent and $1 coins at a ceremony on Thursday.

Speaking at the event, Savenaca Narube, the governor of the Reserve Bank of Fiji, said the change was a "once in a lifetime" event. While notes had changed several times, the governor said, coins had not changed since decimalisation in 1969.

Costs were the main driver of the change, the governor acknowledged, and the new coin series would deliver savings in