Kiribati - Money

The Australian dollar (A$) is the legal currency of Kiribati. The value of the A$ fluctuates against the value of other world currencies. The Bank of Kiribati is responsible for the majority of the available financial services. In December 1997, its total assets amounted to US$26.1 million, of which deposits were US$23.3 million and reserves amounted to US$0.9 million. The Development Bank of Kiribati identifies, promotes, and finances small-scale projects, and its capital amounts to

Exchange rates: Kiribati
Australian dollars (A$) per US$1
Jan 2001 1.7995
2000 1.7173
1999 1.5497
1998 1.5888
1997 1.3439
1996 1.2773
SOURCE: CIA World Factbook 2001 [ONLINE].

US$1.33 million. There is also a network of small-scale lending agencies known as "village banks" operating throughout the islands.

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Oct 29, 2018 @ 8:08 am
I like to know how much the people made. in other words the salary per year of every person in Kiribati.?

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