1 Dollar - Elizabeth II Year of the Dog

Tokelau's commemorative dollar program is managed entirely by New Zealand on behalf of the territory, which has no mint of its own and no domestic currency infrastructure. The Year of the Dog issue is one in a long-running lunar series produced for the collector market — Tokelau's coinages are legal tender in name but have never circulated on the atoll, where the local economy runs on the New Zealand dollar and, to a considerable extent, subsistence fishing.