Kiribati dollar
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| Kiribati dollar | |
| ISO 4217 Code | none |
|---|---|
| User(s) | Kiribati |
| Inflation | 0.5% |
| Source | The World Factbook, 2005 est. |
| Pegged with | Australian dollar at par |
| Subunit | |
| 1/100 | cent |
| Symbol | $ |
| cent | ¢ |
| Coins | 5¢, 10¢, 20¢, 50¢, $1, $2 |
| Banknotes | Australian notes circulate |
| Central bank | Reserve Bank of Australia |
| Website | www.rba.gov.au |
| Mint | Royal Australian Mint |
| Website | www.ramint.gov.au |
The dollar is the currency of Kiribati. It is not an independent currency but is peged at 1:1 ratio to the Australian dollar. Coins were issued in 1979 and circulate alongside banknotes and coins of the Australian dollar.
[edit] Coins
Coins were introduced in 1979 in denominations of 1, 2, 5, 10, 20 and 50 cents and 1 dollar. Except for the 50 cents and 1 dollar, the coins are the same size as the corresponding Australian coins. The 50 cents is smaller and round, whilst the 1 dollar is larger and dodecagonal.
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