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The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
The notes of the Australian dollar were first issued by the Reserve Bank of Australia on 14 February 1966, when Australia changed to decimal currency and replaced the pound with the dollar. [1] This currency was a lot easier for calculating compared to the previous Australian pound worth 20 shillings or 240 pence.
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
The Australian ten-dollar note was one of the four original decimal banknotes excluding the Australian five-dollar note, was issued when the currency was changed from the Australian pound to the Australian dollar on 14 February 1966. It replaced the Australian five-pound note, which included the same blue colouration. There have been four ...
The Australian fifty-dollar note is an Australian banknote with a face value of fifty Australian dollars ($50). Since 1995 it has been a polymer banknote featuring portraits of Edith Cowan , first female member of an Australian parliament, and inventor and Australia's first published Aboriginal Australian author, David Unaipon .
A Bill’s Life Expectancy Is No Longer Than 15 Years. After being used on a regular basis, bills wear out and are taken out of circulation. The $1 bill gets the most use and typically only lasts ...
The twelve-sided Australian fifty-cent coin is the third-highest denomination coin of the Australian dollar and the largest in terms of size in circulation. It is equal in size and shape to the Cook Island $5 coin , and both remain the only 12-sided coins in the southern hemisphere.
The Australian one-dollar note was designed by Gordon Andrews, the design being accepted in April 1964. The note features Queen Elizabeth II wearing Garter robes on the obverse with the Australian coat of arms. This portrait was based on a photo taken by Douglas Glass.