From its earliest days as a British colony, sterling coinage circulated in Fiji, supplemented by locally produced paper money.

During the Great Depression of the 1930s, the Australian and New Zealand banks devalued their currencies in order to bolster exports to the UK.

In 1934, as a result of the break in parity with sterling, Fiji began to issue its own coins.

On 28 November 1967, Fiji decided to partially revalue its pound, hence resulting in a sterling exchange rate of £104/10/– Fijian = £100 stg.

[1] This had the effect of bringing the Fijian pound closer to its original relationship to the Australian and New Zealand units as existed prior to the upheavals which took place in the exchange rates at the time of the Great Depression.

In 1914, the Fijian government Currency Board introduced its own banknotes: £1, £5, £10 and £20 denominations which were printed by Thomas de la Rue in London.