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On 12 April 2016, the Reserve Bank of Australia announced a new design for the 5-dollar banknote would be introduced into circulation on 1 September 2016, [5] the fourth polymer $5 banknote issued since 1992. [2] It is the first of a new series of banknotes that will feature a different species of Australian wattle and a native bird.
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 $5 note was issued in 1967, the $50 was issued in 1973 and the $100 was issued in 1984. [29] The $1 banknote was replaced by a $1 coin in 1984, while the $2 banknote was replaced by a smaller $2 coin in 1988. [30] Although no longer printed, all previous notes of the Australian dollar remain legal tender. [31]
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.
The only commemorative coin in this denomination was issued in 2016 to commemorate the 50th anniversary of decimal currency. [2] As of 2023–24, the 5¢ coin has the highest mintage of any current coins. [3] The lowest mintage was 8.25 million coins in 1972, and the highest was 306.5 million in 2006.
This is a list of people who have appeared on currency issued by Australia since that country introduced its own notes and coins in 1910. Those appearing on the current series are shown in bold . Legend :
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The Australian dollar replaced the Australian pound on 14 February 1966 as part of the decimalisation process. [6] At this time, 1, 2, 5, 10, 20, and 50 cent coins were issued. [6] $1 coins were first issued in 1984, [7] and $2 coins soon followed in 1988. The one- and two-cent coins were discontinued in 1990 and withdrawn from circulation in ...
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