Kiribati dollar

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Kiribati dollar

Coins of the Kiribati dollar.
ISO 4217
Code	none (KID unofficially)
Unit
Symbol	$‎
Denominations
Subunit
1⁄100	cent
Symbol
cent	¢
Banknotes	Australian notes circulate
Coins	5¢, 10¢, 20¢, 50¢, $1, $2
Demographics
Date of introduction	1979
User(s)	Kiribati (alongside Australian dollar)
Issuance
Issuing authority	Government of Kiribati
Mint	Not produced since 1992
Valuation
Inflation	0.5%
Source	The World Factbook, 2005 est.
Pegged with	Australian dollar at par

The Kiribati dollar is one of the two official currencies of Kiribati. The Kiribati coins are pegged at 1:1 ratio to the Australian dollar, the other official currency of Kiribati. Kiribati coins were issued in 1979 and circulate alongside banknotes and coins of the Australian dollar. In present day, Kiribati coins are rare in comparison to Australian coins with the last minor emission made in 1992, and these old coins are now generally collectors items. The complete emissions of coins were made in 1979 and in 1989 for the tenth anniversary of independence.