We thought that that was a significant step forward for our currency. After a slow start, the use of the 50 dollar note has risen dramatically driven by the use of Automated Teller Machines. The note is now widely accepted and has become an integral part of our everyday transactions. Today, we are again raising the bar and introducing a 100 dollar note.
Raising the denomination of the highest currency reflects a combination of basically three things – the growth in the economy, the change in spending habits and the advance in technology. As the sole issuer of currency in Fiji, the Reserve Bank of Fiji must anticipate and respond to the evolving currency needs of the public and businesses.