You can help save money for the nation by reusing coins that may be received as change from your shopping. The rising metal prices are causing the cost of coins to increase every time the Bank orders new coins. Water, moisture, excessive heat and dirt will damage the banknotes.įrom February 2009, the Reserve Bank of Fiji (RBF) commenced issuance of smaller and lighter coins to save cost.
Applying sellotape on banknotes damages them and also destroys their look and feel. Wallets and purses prevent banknotes from being damaged and also help in keeping them clean. If possible, keep banknotes in wallets and purses.Folding and crumpling damages the banknotes and reduces their life. Keep banknotes straight to help them last longer.Brunei’s B10,000 bill is worth, at press time, roughly 7,584. The banknote in question belongs to Brunei, one of the most centralized countries in the world, and has one of the richest men alive printed on it. Tips to care for your Polymer and Paper banknotesĪll banknotes must be looked after carefully to ensure they remain clean and can be used for a longer period of time. The world’s most valuable banknote is barely worth one bitcoin, according to a report published by Quartz. If melted, you will lose your banknotes and these will be of no value. Exposing polymer banknotes to excessive heat could cause them to melt. Do not expose polymer banknotes to excessive heat such as ironing, heaters and driers.Paper clips don’t damage polymer banknotes. includes the issuers of the most significant high denomination notes. Polymer banknotes tear easily from the holes created by staples or pins. high value currency notes, such as the 500 note, the 100 bill, the CHF1,000 note. The RBF for the first time has introduced a new polymer banknote in the $5 denomination. You can help save money for the nation by looking after your banknotes, keeping them cleaner and making them last longer. Replacing worn out and damaged banknotes is an expensive exercise costing the RBF approximately $2.4 million annually. The Reserve Bank of Fiji (RBF) on average issues 55 million brand new banknotes into circulation each year to replace worn out and damaged banknotes and to meet demand. Our objectives as are to protect the value of currency in the interest of balanced and sustainable economic growth, formulate monetary policy, promote price stability and issue currency.įeatures of Fiji’s Flora and Fauna Currency Did you know?