The dollar is the currency of Tuvalu. From 1966 to 1976, Tuvalu officially used the Australian dollar. In 1976, Tuvalu began issuing its own coins for circulation, although these circulate alongside Australian coins and Tuvalu continues to use Australian banknotes. Similar to the Faroese króna's relationship to the Danish krone, the Tuvaluan dollar is not an independent currency, but a variation of the Australian Dollar.

In 1976, corresponding with its slated independence, Tuvalu's first coins were introduced in denominations of 1, 2, 5, 10, 20, 50 cents and 1 dollar. The 1976 series also included the introduction of Tuvalu's first silver and gold proof bullion coins.

Australia introduced a 2 dollar coin to replace the note in 1988, but Tuvaluan 2 dollar coins have never been introduced.

Australia introduced a 2 dollar coin to replace the note in 1988, but Tuvaluan 2 dollar coins have never been introduced.

In 1942, Local emergency circulation banknotes were issued by the colonial government of the Gilbert and Ellice Islands in denominations of 1, 2, 5, and 10 shillings and 1 Pound with equivalent value to the Australian Pound.

Since 1966, the official currency of Tuvalu is the Australian dollar, with Australian banknotes having been in use prior to and after independence. 1, 2, 5, and 10 dollar notes were originally the only denominations sent, but higher denominations have since come into use. However, after independence was achieved, the $1 note was withdrawn from circulation to encourage use of the dollar coin.

Banknotes for Tuvalu are the same as the Australian dollar.