Information about currency: Pitcairn Islands Dollar

Pitcairn Islands Dollar (2009 - present)
Currency NamePitcairn Islands Dollar
System1 Dollar = 100 Cents
ISO CodePND
Description

The Pitcairn Islands is a non-sovereign British overseas territory and the New Zealand dollar is used as exchange. Pitcairn Islands began issuing its first commemorative coins in 1988. Though the Pitcairn Islands dollar is not a true currency in the strict sense of the word, and is not used as a circulation coinage, it can be lawfully exchanged as tender. The Pitcairn Islands dollar exists only because of the coin collecting market, which provides a major staple for the island nation. Having a population of only 56 according to the 2013 census, and with only one island in the group of four being populated, there is no need for local coinage. Coins consist of an important part of the Pitcairn Islands' tiny economy and help raise funds for the government's largely fixed and subsidised income.

New Zealand coins and notes are circulated in the Pitcairn Islands. However, the Pitcairn Islands began issuing its first denominational coin set in 2009. They were in six denominations of copper-plated bronze 5, and 10 Cents, nickel-plated bronze 20, and 50 Cents, and bronze $1, and $2 pieces. They come in Uncirculated and Proof conditions and could be acquired in packaged sets or in rolls. The reverse of each coin depicts a relic from H.M.A.V. Bounty along with its description and the coin's respective denomination. This is surrounded by a fine border.

The coins are of similar size, weight, and colouration to those of a similar set from Niue. The Pitcairn Islands set also has the addition of a 5 Cents piece which New Zealand no longer uses.

A majority of Pitcairn Islands coins are minted in New Zealand, but many bullion commemoratives have also been made by the Royal Mint in the United Kingdom and other private mints under the order of the Pitcairn Islands Government.

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Pitcairn Islands Dollar: Details
Issued ByPitcairn Islands
From2009
To
Pitcairn Islands Dollar: Users
CountryPeriodFromTo
Flag of Pitcairn Islands Pitcairn Islands Pitcairn Islands Dollar 2009
Pitcairn Islands Dollar: Related Currencies
CountryCurrencyFromTo
Flag of New Zealand New Zealand New Zealand Dollar 1967