flower shaped coin in 2014. The metallic content of both the and was also changed in 2014 for better durability and resistance to wear after widespread complaints of the coins corroding and "turning black". Banknotes First dollar In 1867, the government treasury issued 1 dollar notes. These were followed by notes for , , , and issued between 1871 and 1873. Also between 1871 and 1873, King Seru Epenisa Cakobau issued notes in denominations of ¢, 25¢, 50¢, 100¢ and . Levuka (on Ovalau island) issued and notes during the 1870s. Second dollar On 15 January 1969, the government introduced notes in denominations of 50 cents, , , , and ; the note was not issued until 1970. The Central Monetary Authority took over the issuance of paper money in 1974, issuing the same denominations, although the 50c note was replaced by a coin on 3 March 1975. In 1986, the Reserve Bank of Fiji began issuing notes. The note was replaced by a coin in 1995. The note was introduced in 1996, followed by a note on 10 April 2007. Banknote denominations in circulation as of 2017 are: , , , and . 2007 Series 2012 Series Commemorative banknotes 2000 2 Dollars – Millennium 2000 2,000 Dollars – Millennium 2017 7 Dollars – Victory of the Fijian rugby sevens team at the 2016 Summer Olympics in Rio de Janeiro. 2020 50 Dollars – Fiji's 50th Independence Anniversary. 2022 7 Dollars - Fijian Rugby 7s. at the Olympic Games in Tokyo, Japan 2022 88 Cents - Chinese God of Wealth Current status and value On 16 August 2005, Finance Minister Ratu Jone Kubuabola announced that the Cabinet had approved the introduction of a banknote and the withdrawal of the 1 and 2 cent coin, as the minting cost exceeded its face value. Kubuabola said that the banknote would measure 156 × 67 mm, with the other banknotes receding at 5 mm towards the lowest banknote denomination. The portrait of Queen Elizabeth II would remain on all banknotes, he added, obviously in answer to calls from some politicians to remove the Queen's portrait from the currency after 18 years as a republic. Fiji is, however, a member of the Commonwealth, and Queen Elizabeth is recognized as Paramount Chief of the Great Council of Chiefs of Fiji. Her portrait was updated to a more mature one, which was released in 2007, becoming