What is the currency of The Pitcairn Islands, a British Overseas Territory in the Pacific Ocean?

The Pitcairn Islands, officially the Pitcairn, Henderson, Ducie and Oeno Islands, is a group of four volcanic Islands in the southern Pacific Ocean that form the sole British Overseas Territory in the Pacific Ocean. The four Islands are scattered across several hundred miles of ocean and have a combined land area of about 18 square miles (47 km). Henderson accounts for 86% of the land area, but only Pitcairn Island is inhabited.

Pitcairn Island had been inhabited probably by Polynesians, before its discovery by European explorers. The British Ship HMS Swallow found the Island in 1767, and its captain named it Pitcairn for the sailor who sighted it. Its population is descended from the mutineers of the British ship HMS Bounty and their Tahitiian Polynesian consorts. The official languages are English and Pitcairn (a mixture of Tahitiian and 18th-century English). The official currency of the Pitcairn Islands is New Zealand dollar and is used as exchange. Having a population of only 47 (2021 estimate), and only one Island in the group of four being populated, there is no need for local coinage.

Charles III is the head of the state of the Pitcairn Islands. The King of United Kingdom is represented by a Governor with a degree of local government who also holds office as British High Commissioner to New Zealand and is based in Wellington. The Pitcairn Islands have the smallest population of any democracy in the world.