Currencies in Australia and Oceania

Some of the information about the currencies of the respective countries is as follows:-
American Samoa - United States Dollar
  • After the first world war, it became an important international reserve currency
  • It replaced the pound sterling which was the then primary reserve of the world
  • It is ranked as one of the most widely used currencies that takes place in global transactions
Australia - Australian dollar
  • It is a legal tender in Australia
  • It is further divided into 100 cents
  • On February 14 in 1966, the very first Australian dollar was introduced
Chatham islands - New Zealand dollar
  • It is represented in the symbol $ or NZ$
  • It is generally referred to as kiwi
  • It was introduced in the year 1967
Cook Islands - Cook Islands dollar
  • It was the former currency of the country
  • It currently uses the New Zealand dollar
  • Here, the New Zealand dollar is further divided into 100 cents
Fiji - Fijian dollar
  • It is abbreviated in the form of a dollar sign
  • It was the currency between 1867 and 1873
  • The denominations of 1c, 2c, 5c, 10c, and 20c were introduced in 1969
French Polynesia - CFP franc
  • It is subdivided into 100 centimes
  • On December 1945, the CFP franc was created
  • The highest denomination was 10,000 CFP
Guam - United States dollar
  • The Bureau of Engraving and Printing prints the Federal Reserve Notes
  • It is exclusively made from the cotton fiber paper
  • The overall dimensions of this currency are somehow the same as that of the banknotes of the Phillipine peso
Kiribati - Australian dollar
  • It is pegged to the Australian dollar at a ratio of 1:1
  • In 1966, this currency became the new and official currency
  • Later, both the 1 and 2 dollars were withdrawn in Kiribati's favor
Marshall islands - United States dollar
  • This currency is termed to be the standard currency through which most of the goods can be traded
  • The Federal Reserve  controls the authority to circulate the currency
  • After production, the currencies are carefully shipped to the Federal Reserve banks
Micronesia - United States dollar
  • It can be abbreviated as US$
  • It was in 1861 when the first ever United States Dollar was circularized
  • In the year 1946, higher than $100 printing was stopped by the respective government
Nauru - Australian dollar
  • Concerning ISO 4217, this currency has been coded as the AUD
  • It is identified with its abbreviations which are AU$ or A$
  • 100 cents make one Australian Dollar
New Caledonia - CFP franc
  • Here, the ISO currency code of this very currency has been pegged to the euro
  • It somehow fluctuates whenever it is compared against the USD or United States Dollar
  • This currency was introduced in the year 1945
New Zealand - New Zealand dollar
  • This currency has lower denominations which were later discontinued
  • The circulation and issuance of money are authorized by the Reserve Bank of New Zealand
  • It is ranked 11 in the world Foreign Exchange market
Niue - New Zealand dollar
  • The daily turnover of this currency is about 2.1%
  • Ever since then, it has been constantly on the rise
  • This currency has a fair share in elevating the GDP of the respective country
Norfolk Island - Australian dollar
  • The Australian pound was replaced by the Australian dollar
  • It is ranked in 5th position for being the most traded currency
Northern Mariana Islands - United States dollar
  • The 50 and 100 banknotes are still in circulation and will be up to eight years
  • It was in 1886 when the banknotes showed the picture illustration of a woman
  • Ever since the year 1956, each of the published banknotes bear the printed motto which says In God We Trust
Palau - United States dollar
  • In 1794, the first five dollars were issued
  • The very first federal note was just for ten dollars
  • Papua New Guinea-Papua New Guinean Kina
Pitcairn Islands - New Zealand dollar
  • It is divided into 100 toea
  • The currency word ‘kina’ is derived from the Kuanua language that belongs to the Tolai region
  • It was introduced on the 19th of May in 1975
Samoa - Samoan tala
  • The currency word ‘tala’ is derived from ‘Thaler’ which is a German word
  • It was first introduced in 1967 on the 10th of July
  • The symbol which is used to refer to this currency is WS$
Solomon Islands - New Zealand dollar
  • 1 cent, 2 cents, and 5 cents were phased out of circulation between 1988 and 2006
  • The smallest coin is the 10 cent
  • It represents about 2.1% of the global foreign exchange market
Tokelau - New Zealand dollar
  • The foreign exchange designation of this currency is the NZD
  • It was initially pegged to the US dollar at a rapid rate of 1 New Zealand dollar = 1.43 USD
  • The current denominations are 10 cents, 20 cents, 50 cents, one dollar, and two dollar
Tonga - Tonga pa’anga
  • This currency is not convertible
  • It is pegged to a rigid basket of currencies
  • It is subdivided into 100 seniti
Tuvalu - Australian dollar
  • 1 cent and 2 cents were discontinued in 2006
  • AUD became a free-floating currency in 1983
  • There is the portrayal of Queen Elizabeth 2 on all of the Australian coins
Vanuatu - Vanuatu dollar
  • There are no subdivisions of this currency
  • In 1982 on March 22, the first banknotes were introduced
  • In 1993, the Reserve Bank of Vanuatu took over the process of issue of paper money
Wake Island - United States Dollar
  • In the Bretton Woods Agreement of 1944, the US dollar was first established as the currency of the world
  • Later, it went on to become the most dominant currency In the world
  • Initially, it was originally traded in the form of coins that is valued by their weight in gold and silver before being traded as a paper note
Wallis and Futuna - CFP franc
  • It was created in December
  • There is an identical obverse in CFP franc but the reverse is unique t French Polynesia
  • This currency is said to be reliant on the value of the euro
Thus, the above is all the information that was there to know about the currencies of the respective countries.