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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 Australian one-dollar note was introduced in 1966 due to decimalisation, to replace the 10-shilling note. The note was issued from its introduction in 1966 until its replacement by the one-dollar coin in 1984. Approximately 1.7 billion one-dollar notes were printed.
The Australian five-dollar note was first issued on 29 May 1967, fifteen months after the currency was changed from the pound to the dollar on 14 February 1966. It was a new denomination with mauve colouration – the pre-decimal system had no denomination with a value of £2 1 ⁄ 2. The first polymer version of the note was introduced on 7 ...
On 7 April 1963 the government announced that a system of decimal currency was to be introduced into Australia at the earliest practicable date, and gave February 1966, as the tentative change-over date. [15] On 14 February 1966, the Australian pound was replaced by the Australian dollar [16] with the conversion
Since the start of issue of $10 notes, there have been eleven signature combinations, of which the 1967 issue is the most valued. It was issued for one year, along with the Coombs/Wilson issue of 1966. Following the issue of a new $5 note in September 2016, the RBA revealed the design for the new $10 note, which was issued in September, 2017. [3]
The adoption of the changes suggested in the report was announced on 1 March 1966. [8] The Decimal Currency Board (DCB) was created to manage the transition, but the plans were only approved by Parliament with the Decimal Currency Act 1967 (c. 47).
Because the term "new penny" was defined in law, a change in the law would be needed for coins to keep up with common parlance. The Act changed the definition in the 1967 Act so that the denominations of money in the currency would be the "pound sterling and the penny or new penny", [3] with the word "New" being with the value of the coin (e.g.
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.