Definition

1. Noun:
   • The basic unit of money in Tuvalu: The Tuvalu dollar is the official currency of the Pacific island nation of Tuvalu. It is pegged at par with the Australian dollar, and Australian coins and banknotes circulate interchangeably within Tuvalu.

Usage Examples

• Noun:
  • Prices in the market are listed in Tuvalu dollar.
  • The commemorative coin was worth one Tuvalu dollar.
  • Tourists need to exchange their currency for the Tuvalu dollar upon arrival.

Advanced Usage

• As a unit of account: The Tuvalu dollar is used for all official government accounting and budgeting.
  • The national budget is calculated in millions of Tuvalu dollars.

Variants and Related Words

• TV$: The common symbol used to denote the Tuvalu dollar.
  • The cost is TV$10.
• Cent: A subdivision of the Tuvalu dollar, where one dollar equals 100 cents. Australian cent coins are used.
  • The price increased by fifty cents.

Synonyms

• Tuvaluan currency: A more general term for the money used in Tuvalu.
• TV Dollar: An informal abbreviation.

Notes on Usage

• The Tuvalu dollar is not an independent, freely traded currency but operates in a fixed arrangement with the Australian dollar. Consequently, the term is often used in a domestic context, while international references may use "Australian dollar" for transactions involving Tuvalu.
• It is correct to use a singular or plural verb with "Tuvalu dollar" depending on the quantity (e.g., , ).

Noun

1. the basic unit of money in Tuvalu