Pitcairn Islands dollar

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Pitcairn Islands dollar

Pitkern Ailen dollar (Pitcairn-Norfolk) PND (informal)
ISO 4217
Code	None
Unit
Symbol	$‎
Nickname	none
Denominations
Subunit
1⁄100	cent
Symbol
cent	c
Banknotes	$5, $10, $20, $50, $100 (New Zealand notes only)
Coins	5c, 10c, 20c, 50c, $1, $2 (only New Zealand coins circulate officially)
Demographics
User(s)	Pitcairn Islands
Issuance
Printer	Note Printing Australia (provides base polymer note material)
Website	www.noteprinting.com
Valuation
Inflation	NA
Pegged by	New Zealand dollar

The Pitcairn Islands is a British overseas territory which uses the New Zealand dollar as its primary currency. However, the territory has issued commemorative Pitcairn Islands dollar coins since 1988. Although the Pitcairn Islands Dollar is legal tender and pegged at par to the New Zealand Dollar, it is not commonly used in general circulation and exists primarily to generate revenue for the territory coin collectors, with the sale of coins and other numismatic items being a major source of revenue for the territory. Having a population of only 50 according to the 2020 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.