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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 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 ...
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.
Coins of the Australian dollar are circulated with different designs depicting various anniversaries or significant Australian events, these differing coin designs being labelled Australian commemorative coins. Typically, only the 20c, 50c, $1 and $2 coins have been minted in commemoration.
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 The one- and two-cent coins were discontinued in 1990 and withdrawn from circulation in ...
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There are many $5 banknotes, bills or coins, including: Australian five-dollar note; Canadian five-dollar note; New Zealand five-dollar note; United States five-dollar bill; Hong Kong five-dollar coin; Hong Kong five-dollar note; Other currencies that issue $5 banknotes, bills or coins are:
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