What is Kiribati dollar?
The '''Kiribati dollar''' is linked to the [[Australian dollar]], with a fixed exchange rate of 1:1. Here are the key points about this currency: # Origins and pegging: #* The Kiribati dollar came into existence in '''1979''', following Kiribati’s [[independence]]. Before that, Australian coins were in use on the islands (which were then part of the [[Gilbert and Ellice Islands]]) from '''1966''' until '''1979'''. #* The decision to issue domestic coins was widely accepted, and Kiribati’s coins were directly pegged to the Australian dollar. # Coinage: #* Kiribati coins were introduced in [[Denomination (currency)|denominations]] of '''1, 2, 5, 10, 20, and 50 cents''', along with a '''1-dollar coin'''. #* Except for the '''50 cents''' and '''1-dollar''' pieces, all other coins have the same size, [[weight]], and [[composition]] as the corresponding Australian coins #* The '''1- and 2-cent''' pieces are composed of '''bronze''', while the '''5, 10, 20, 50 cents''', and '''1-dollar''' coins are made of '''cupro-nickel'''. # Circulation and collectibility: #* Kiribati coins circulate alongside [[Banknote|banknotes]] and coins of the Australian dollar. #* However, Kiribati coins are now scarce compared to Australian coins. The last minor [[emission]] occurred in '''1992'''. #* The complete emissions of coins were made in '''1979''' and in '''1989''' to celebrate the nation’s tenth anniversary of independence. # Historical Context: #* During [[World War II]], when the islands were under [[Japanese occupation]], an all-banknote currency called the '''Oceanian pound''' was in use. #* After the war, the '''Australian pound''' was restored as the official currency for the [[Atoll|atolls]] not occupied by Japan. #* The call to issue coinage for an independent Kiribati in '''1979''' aimed to [[Legitimacy|legitimize]] its new political status. [[Category:Currency of Oceania]] [[Category:Kiribati]]