Tuvalu is a small island nation located in the Pacific Ocean. The official currency of Tuvalu is the Tuvalu dollar, which is abbreviated as TVD and is denoted by the symbol $. The Tuvalu dollar is pegged to the Australian dollar at a fixed exchange rate of 1:1.The Tuvalu dollar is issued and controlled by the Reserve Bank of Tuvalu. The bank issues and circulates banknotes and coins in denominations of 1, 2, 5, 10, 20, 50, and 100 dollars. The banknotes feature images of Tuvalu's culture, history, and landmarks, while the coins feature images of various animals and plants native to Tuvalu.The Tuvalu dollar is primarily used for transactions within Tuvalu, although it is also accepted in some other Pacific island countries. The currency is not widely traded on international forex markets, and it is generally not possible to exchange Tuvalu dollars for other currencies outside of Tuvalu.The Tuvalu economy is small and largely dependent on foreign aid, exports of fish and handicrafts, remittances from overseas Tuvaluans, and revenue from its telecommunications industry.In summary, Tuvalu dollar is the official currency of Tuvalu, it is pegged to the Australian dollar, it is controlled by the Reserve Bank of Tuvalu, and it is not widely traded on international forex markets.
