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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.
The one-dollar coin was introduced in 1984, to replace the banknote of the same value. The two-dollar coin, also replacing a banknote, was introduced in 1988. They have content of 2% nickel, 6% aluminium and 92% copper. The two-dollar coin is smaller in diameter than the one-dollar coin, but the two-dollar is slightly thicker.
British currency became the official currency of the Australian colonies after 1825, with almost £100,000-worth of British coins being imported during 1824–25. The Holey dollar was no longer legal tender after 1829. The most notable Holey Dollar was the "Hannibal Head" a one of a kind coin that features the portrait of King Joseph I of Spain ...
The one-dollar note was replaced by the current gold-coloured coin on 13 May 1984 (Monday), due to the longer service life and cost effectiveness of coins. [ 7 ] [ 8 ] These notes can still be redeemed at face value by the Reserve Bank of Australia and most commercial banks, [ 9 ] but numismatics and note collectors may pay a higher price for ...
The "Next Generation" $20 banknote features the same Australian personalities as the previous design together with other design features. A noticeable difference between the old and new designs is the replacement of Victory with a depiction of a de Havilland Dragon Rapide taking off from a remote homestead in Broken Hill . [ 5 ]
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The Australian two-dollar coin is the highest-denomination circulating coin of the Australian dollar. It was first issued on 20 June 1988, having been in planning since the mid-1970s. It replaced the Australian two-dollar note due to having a longer circulatory life. [2] The only "mint set only" year was 1991.
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