The Reserve Bank of Fiji (RBF) is set to introduce a new series of banknotes, with the official unveiling scheduled for December 2, 2025, by the President of Fiji, Ratu Naiqama Lalabalavu, in Suva. RBF Governor Ariff Ali emphasized the importance of this redesign, noting that the bank conducts a comprehensive review of Fiji’s currency every 10 to 12 years. The last redesign was completed in 2012.
Governor Ali stated that the updated banknotes will not only feature enhanced designs reflecting Fiji’s national heritage, biodiversity, and culture but will also include improved materials for greater durability. “This process ensures that our currency remains secure, durable, and reflective of Fiji’s identity,” he explained. Key advancements include the incorporation of modern security features to prevent counterfeiting and design elements to assist the visually impaired.
The new banknotes are expected to enter circulation on January 2, 2026, enhancing the country’s financial operations and ensuring a more secure currency system for all Fijians. This initiative aligns with ongoing efforts by the RBF to modernize Fiji’s financial landscape and demonstrates a commitment to maintaining robust economic security.
In tandem with the introduction of the new currency, recent reports highlight that the Fijian economy shows signs of resilience and recovery. In the fiscal year ending July 31, 2024, the Reserve Bank’s annual report noted a robust foreign reserve level of approximately $3.6 billion, supporting Fiji’s imports for about 5.8 months. Despite challenges such as inflation, which saw an increase to an average of 4.8%, projections indicate a growth rate of 3.8% for 2024, primarily driven by a resurgence in the services sector and tourism.
This optimistic outlook is further supported by advancements in the digital payments ecosystem, illustrated by the successful launch of phase two of the National Payment System’s automated clearinghouse, allowing instantaneous interbank transactions. These developments underscore the RBF’s dedication to financial stability, innovation, and inclusivity, promising a brighter future for Fiji’s economy and its citizens.
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