Tuvaluan dollar

Tuvaluan dollar
ISO 4217 Code	TVD
User(s)	Tuvalu (alongside Australian dollar)
Inflation	3.9%
Source	The World Factbook, 2005 est.
Pegged with	Australian dollar at par
Symbol	$
cent	¢
Coins	¢5, ¢10, ¢20, ¢50 , $1
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 Tuvalu. From 1966 to 1976, Tuvalu used the Australian dollar. In 1976, Tuvalu began issuing its own coins for circulation, although these circulate alongside Australian coins and Tuvalu continues to use Australian banknotes. Similar to the Faroese króna's relationship to the Danish krone, the Tuvaluan dollar is not an independent currency but has been assigned an ISO 4217 currency code, although it is treated as equivalent to the Australian dollar.

For earlier currency used in Tuvalu, see Oceania pound.

Coins

In 1976, coins were introduced in denominations of 1, 2, 5, 10, 20 and 50 cents and 1 dollar. The bronze 1 and 2 cents and the cupro-nickel 5, 10 and 20 cents were the same size and composition as the corresponding Australian coins. However, the round, cupro-nickel 50 cents was distinct from the dodecagonal Australian 50 cent coin and the nonogonal nine sided cupro-nickel 1 dollar coin predated the Australian 1 dollar coin by eight years. As in Australia, the 1 and 2 cent coins have been withdrawn from circulation but 2 dollar coins have not been introduced. In 1994, the queen's profile was changed in tandem with many other commonwealth states to a more up to date likeness.

See also

• Kiribati dollar

References

External links

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