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New $0.88 banknote not for circulation

 

Aug 09, 2022 06:45:02 PM

New $0.88 banknote not for circulation The Reserve Bank of Fiji (RBF) has clarified that no new $0.88 numismatic banknotes will be entering into circulation.

The Central Bank said as is common practice among central banks; the RBF produces limited quantities of numismatic currency in partnership with reputable companies and entities for purchase by collectors and enthusiasts.

“The newly-announced $0.88 numismatic banknote is among the hundreds of non-circulation numismatic currency that the RBF has produced since 1974,” RBF said in a statement.

“The practice is similar to that of stamp production, whereby hobbyists can purchase the banknotes and coins for their collections. In this instance, the numismatic banknote with a face value $0.88 has been created for sale targeted at the Chinese and wider Asian market.”

“Past numismatics banknotes and coins issued by RBF, which have covered themes such as Christmas, landmarks, celebrities such as musicians and fauna like birds of Fiji have been an important income stream for the RBF.”

Meanwhile the RBF has generated over $8 million in income through the sale of numismatic banknotes and coins in the last three years.

By Reginald Chandar






 

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