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New currency in

Ropate Valemei
Thursday, January 03, 2013

THE Reserve Bank of Fiji (RBF) issued the new currency featuring Fiji's flora and fauna to commercial banks yesterday.

The central bank's deputy governor, Inia Naiyaga, said the old notes would continue to remain the legal tender while the new notes were being circulated.

"Yes the new currency will be issued today (yesterday)," Mr Naiyaga said.

He said further announcements would be made regarding the old green $2 notes and brown $5 notes with the introduction of the new green polymer $5 banknotes in April this year.

"The old notes will continue in circulation and will be gradually replaced with the new notes."

However, he said the public were encouraged to start returning the old green $2 and brown $5 notes to commercial banks.

"This is to ensure confusion does not arise when the new green polymer $5 banknotes are issued in April this year," he added.

Meanwhile, Bank South Pacific confirmed receiving the new banknotes yesterday morning.

BSP head of marketing, Nirdesh Singh said the new currency was being issued to their branches from yesterday in line with RBF guidelines.

ANZ said the banks also started circulating the new currency yesterday per instructions from the central bank.

RBF launched Fiji's new flora and fauna design banknotes and coins on December 12 last year.





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