1 Indian Rupee in Fiji: A Brief Overview
Fiji, an island nation in the Pacific Ocean, has a complex history of currency exchange. One of the most interesting aspects of Fiji's currency history is the use of the Indian Rupee. In this article, we will explore the history of the Indian Rupee in Fiji and its current value.
History of the Indian Rupee in Fiji
Fiji was a British colony from 1874 to 1970. During this period, the British introduced the Indian Rupee as a medium of exchange in Fiji. The Indian Rupee was widely used in Fiji, especially in trade and commerce. The Rupee was pegged to the British Pound, and its value was maintained by the British colonial authorities.
Post-Independence Era
After Fiji gained independence in 1970, the Fijian government introduced its own currency, the Fijian Dollar. The Indian Rupee was gradually phased out, and its use was limited to certain transactions. However, the Indian Rupee continued to be widely accepted in Fiji, especially in informal trade and commerce.
Current Value of 1 Indian Rupee in Fiji
Today, the Indian Rupee is no longer an official currency in Fiji. The Fijian Dollar is the official currency, and it is divided into 100 cents. However, the Indian Rupee is still widely accepted in Fiji, especially in tourist areas and informal markets.
As of 2022, the exchange rate is approximately:
- 1 Indian Rupee (INR) = 0.025 Fijian Dollars (FJD)
This means that 1 Indian Rupee is equivalent to 2.5 cents in Fijian Dollars.
Conclusion
The history of the Indian Rupee in Fiji is a fascinating one, reflecting the complex colonial and post-colonial history of the island nation. While the Indian Rupee is no longer an official currency in Fiji, it is still widely accepted and has a special place in the country's cultural and economic heritage.
