Basic Data:

• Country ISO Code: KI

• Official Language: Gilbertese (Kiribati)

• Language ISO Code: gil

• Current Official Currency: Australian Dollar

• Current Currency ISO Code: AUD

Complete Financial History of Kiribati and Currency:

Current Official Currency: Australian Dollar (AUD)

• Currency ISO Code: AUD

• Designs / Symbols: Kiribati uses the Australian dollar, which features Queen Elizabeth II on the obverse of coins and native Australian fauna on the reverse; banknotes display notable Australians and cultural symbols. The currency symbol is "$" or "A$".

• Singular Name: dollar

• Plural Name: dollars

• Monetary Subdivision: 1 dollar = 100 cents

• Fraction Name Singular: cent

• Fraction Name Plural: cents

• Initial Production Date: Australian dollar introduced in 1966 (adopted by Kiribati upon independence)

• End Production Date: still in circulation

• Initial Circulation Date: 1966 (in Kiribati since independence in 1979)

• End Circulation Date: still in circulation

• Mint: Royal Australian Mint (Canberra, Australia)

• Issuing Bank: Reserve Bank of Australia

• Coin Denominations Currently Minted: 5, 10, 20, 50 cents; 1 and 2 dollars (Australian coins used in Kiribati)

• Banknote Denominations Currently Issued: 5, 10, 20, 50, 100 dollars (Australian banknotes used in Kiribati)

Historical and Economic Context:

• Kiribati became independent in 1979 and adopted the Australian dollar as its official currency, reflecting close economic ties with Australia.

• Kiribati does not issue its own currency; Australian currency circulates as legal tender.

• The economy of Kiribati is small and largely dependent on fishing, copra production, and remittances, with limited monetary policy autonomy.

• The use of Australian currency facilitates trade and economic stability but limits Kiribati’s monetary sovereignty.

Mints / Production Locations:

• Coins and banknotes are produced by the Royal Australian Mint and Note Printing Australia, respectively.

Designs / Symbols on Coins and Banknotes:

• Coins and banknotes bear Australian national designs, including native animals and prominent Australians.

Current Circulation Status:

• The Australian dollar is the official and only legal tender currency circulating in Kiribati.

Issuing Authority:

• Reserve Bank of Australia issues and regulates the currency.

Relevant Monetary Legislation:

• Kiribati’s monetary system is governed by its own laws but relies on Australian currency and monetary policy.

Persons Honored on Banknotes and Coins:

• Australian historical figures and cultural symbols appear on the currency used in Kiribati.

Summary of Coins and Banknotes Currently in Circulation in Kiribati:

This report summarizes Kiribati’s financial history focusing on its use of the Australian dollar as official currency since independence, with no separate national currency issued.