Kiribati dollar

currency

Key facts

Code: none , ( KID unofficially)
Symbol: $ ‎
1 100: cent
Cent: ¢
Banknotes: Australian notes circulate
Coins: 5¢, 10¢, 20¢, 50¢, $1 , $2
User s: Kiribati (alongside Australian dollar )
Issuing authority: Government of Kiribati
Mint: Not produced since 1992
Inflation: 0.5%
Source: The World Factbook , 2005 est.
Pegged with: Australian dollar at par

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Article

The Kiribati dollar is one of the two official currencies of Kiribati. The Kiribati coins are pegged at 1:1 ratio to the Australian dollar, the other official currency of Kiribati. Kiribati coins were issued in 1979 and circulate alongside banknotes and coins of the Australian dollar. In present day, Kiribati coins are rare in comparison to Australian coins with the last minor emission made in 1992, and these old coins are now generally collector's items. The complete emissions of coins were made in 1979 and in 1989 for the tenth anniversary of independence.

History