The Reserve Bank of Fiji (RBF) is poised to launch a new series of banknotes aimed at enhancing durability, security, and accessibility for all users. Governor Ariff Ali announced that the redesigned notes will incorporate advanced materials and innovative security features to effectively combat counterfeiting.
The updated banknotes will showcase designs that celebrate Fiji’s rich heritage, biodiversity, and culture, with particular emphasis placed on features to assist those who are visually impaired. “As part of our statutory responsibility under the Reserve Bank of Fiji Act 1983, the RBF undertakes detailed technical and design reviews of Fiji’s currency to ensure that it meets national requirements and international standards,” Governor Ali explained.
The new currency series is scheduled for an official unveiling by President Ratu Naiqama Lalabalavu in Suva next month, and will become available to the public starting January 2 next year. This initiative reflects the RBF’s commitment to maintaining modern and secure currency standards as part of its ongoing efforts to adapt to changing economic landscapes.
The introduction of these new banknotes follows the bank’s routine review process, which occurs every 10 to 12 years, ensuring that the country’s currency remains up-to-date in quality and design. The move is also part of larger efforts by the RBF to innovate and modernize Fiji’s financial environment, enhancing the overall economic stability of the nation.
This positive initiative arrives during a time when the Fijian economy demonstrates signs of resilience and recovery, supported by a robust foreign reserve level and a revival in the services sector, particularly tourism. With planned advancements in the digital payment ecosystem, Fiji aims to create a more inclusive and efficient financial system, paving the way for continued economic growth and enhanced security for its citizens.