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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.
This is a list of alternative names for currency. A currency refers to money in any form when in actual use or circulation as a medium of exchange , especially circulating banknotes and coins . [ 1 ] [ 2 ] A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation.
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.
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
An alternative polymer of polyethylene fibres marketed as Tyvek by DuPont was developed for use as currency by the American Bank Note Company in the early 1980s. Haiti: 1982 Haiti released Tyvek-made Gourde banknotes in denominations of 1, 2, 50, 100, 250 & 500. The same denominations and a 5 Gourdes banknote were also released on paper. [20 ...
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.
Dollar. Antigua dollar – Antigua; Australian dollar – Australia, Kiribati, Nauru and Tuvalu; Bahamian dollar – Bahamas; Barbadian dollar – Barbados; Belize dollar – Belize; Bermudian dollar – Bermuda; British Columbia dollar – British Columbia; British North Borneo dollar – British North Borneo; British West Indies dollar ...
Legal tender, or narrow money (M0) is the cash created by a Central Bank by minting coins and printing banknotes. Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio. Currently, bank money is created as ...