Australian dollar - History

The Australian dollar, AUD or A$, is the official currency of the Commonwealth of Australia, including the Australian Antarctic Territory, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands and Norfolk Island, as well as the independent Pacific island states of Kiribati, Nauru and Tuvalu. It is sometimes affectionately called the "Aussie battler"; during a low period (relative to the US dollar) around 2001 and 2002 the currency was sometimes locally called the ...

Including:

• Australian dollar - Current Denominations
• Australian dollar - Coins
• Australian dollar - Banknotes
• Australian dollar - History
• Australian dollar - Monetary history
• Australian dollar - Value of the Australian Dollar
• Australian dollar - Exchange rate policies
• Australian dollar - Polymer banknotes
• Australian dollar - Issues of currency
• Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia - Australian dollar

The Australian dollar was introduced in 1966, not only replacing the Australian pound (long since distinct from the Pound Sterling) but also introducing a decimal system. The Australian Prime Minister Robert Menzies wished to name the currency "the Royal", and other names such as "the Austral" were also proposed. Due to Menzies' influence, the name "Royal" was settled upon, and trial designs were prepared and printed by the printing works of the Reserve Bank of Australia. The unusual choice of name for the currency proved unpopular, an ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - History

Australian dollar - Coins. All coins portray Queen Elizabeth II on the obverse and are produced by the Royal Australian Mint. The one- and two-cent coins were discontinued in 1990–92 and withdrawn from circulation. Cash transations are rounded to the nearest five cents. In recent years, the 20 cent, 50 cent and 1 dollar coins have been issued featuring a variety of commemorative and United Nations "year of" themes. There is also an Australian five dollar coin and many silver and gold bullion coins in higher denominations that, like the US Two dollar note, are ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Current Denominations

Australian dollar - Coins. Main article: Australian coins All coins portray Queen Elizabeth II on the obverse and are produced by the Royal Australian Mint. The one- and two-cent coins were discontinued in 1990–92 and withdrawn from circulation. Cash transactions are rounded to the nearest five cents. In recent years, the 20 cent, 50 cent and 1 dollar coins have been issued featuring a va ...

See also:

Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Current Denominations

Australian dollar - Coins. Main articles: Australian coins, and [[]], and [[]], and [[]], and [[]] All coins portray Queen Elizabeth II on ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Current Denominations

In 2001, the value of one Australian dollar went below 50 US cents for the first time. As of January 2006, the Australian dollar was worth over 75 US cents. In 1966 when the Australian dollar was introduced the International Gold Standard still operated. The Australian dollar was at that time worth 980 milligrams of gold. As of December, 2005 the Australian dollar was worth 44 milligrams of gold. ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Value of the Australian Dollar

In the lead up to Federation, the currency used in the Australian colonies was the Pound Sterling, divided into 20 Shillings, each of which was divided into 12 Pence. English silver and copper coins circulated alongside Australian minted gold sovereigns (worth one pound) and half sovereigns, as well as locally minted copper trade tokens. Banknotes were issued by private banks as well as certain colonial governments such as that of Quee ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Issues of currency

In the early years after Australian Federation the British pound sterling was used as the national unit of account. Sterling circulated in conjunction with banknotes and bills of credit issued by private banks. Acceptance of Private Bank notes was not made compulsory by legal tender laws, but they were widely used and accepted. Queensland treasury notes were also in circulation and these were legal tender in Queensland. In 1910 the federal government passed the "Australian Notes Act" which prohibited the circulation of State notes. Al ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Monetary history

In 2001, the value of one Australian dollar went below 50 US cents for the first time. As of December 2005, the Australian dollar was worth over 75 US cents. In 1966 when the Australian dollar was introduced the International Gold Standard still operated. The Australian dollar was at that time worth 980 milligrams of gold. As of December, 2005 the Australian dollar was worth 44 milligrams of gold. ...

See also:

Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Value of the Australian Dollar

There have been two basic issues of decimal currency. The first paper issues of Australian dollars, issued in 1966, featured portraits of the following persons: One dollar – Elizabeth II (front); Aboriginal art designed by David Malangi (reverse) Two dollars – John Macarthur (front); William Farrer (reverse) Five dollars – Joseph Banks (front); Caroline Chisholm (reverse) Ten dollars – Francis Greenway (front); Henry Lawson (reverse) Twenty dollars – Sir Charles Kingsford-Smith (fron ...

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Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Former banknotes and coins in decimal currency

In 1988, the Reserve Bank of Australia issued a plastic, specifically polypropylene polymer banknote to commemorate the country's bicentenary of European settlement. These notes contained a transparent 'window' with an optically variable image of Captain James Cook as a security feature. Australian currency was the first in the world to use such features in currency. Despite initial difficulties the Reserve Bank saw potential in the issue of plastic banknotes and commenced preparations for an entirely new series made from p ...

See also:

Australian dollar, Australian dollar - Current Denominations, Australian dollar - Coins, Australian dollar - Banknotes, Australian dollar - History, Australian dollar - Monetary history, Australian dollar - Value of the Australian Dollar, Australian dollar - Exchange rate policies, Australian dollar - Polymer banknotes, Australian dollar - Issues of currency, Australian dollar - Former banknotes and coins in decimal currency

Read more here: » Australian dollar: Encyclopedia II - Australian dollar - Polymer banknotes