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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 ...
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.
In the UK, larger denomination notes (£5, £10, £20, £50, £100, £200, £500, and £1,000) printed from the 18th century to 1943 were called "white notes" because they were printed on lightweight white paper (on one side only) in black ink.
The Deakin government's Coinage Act 1909 [3] distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General.
In 1946, due to costs incurred during World War II, [citation needed] the silver content of the coins was reduced from 0.925 to 0.500 of the coin weight, [citation needed] which lasted until decimalisation on 14 February 1966. One coin highly sought-after by collectors is the 1930 penny. [1] [2]
At federation in 1901 and for a period afterwards, the currency used in the Australian colonies which became states consisted of British silver and copper coins, Australian minted gold sovereigns (worth £1) and half sovereigns, locally minted copper trade tokens (suppressed in 1881, some state earlier [8]) and private bank notes.
The £ grapheme in a selection of fonts The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England.
The Bank of England 10 shilling note (notation: 10/–), colloquially known as the 10 bob note, was a sterling banknote. Ten shillings in £sd (written 10s or 10/–) was half of one pound.