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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 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 primary image was that of the reigning monarch, his father, George V. These notes continued in use throughout his own short-lived reign as King Edward VIII (January–December 1936), and after his abdication. In 1938/39, the primary image was changed to George VI and the watermark was changed to James Cook. 10/-N: W: 1933–39 [27] £5: N ...
The Australian ten-dollar note was one of the four original decimal banknotes excluding the Australian five-dollar note, was issued when the currency was changed from the Australian pound to the Australian dollar on 14 February 1966. It replaced the Australian five-pound note, which included the same blue colouration. There have been four ...
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
A Bill’s Life Expectancy Is No Longer Than 15 Years. After being used on a regular basis, bills wear out and are taken out of circulation. The $1 bill gets the most use and typically only lasts ...
The Australian fifty-dollar note is an Australian banknote with a face value of fifty Australian dollars ($50). Since 1995 it has been a polymer banknote featuring portraits of Edith Cowan , first female member of an Australian parliament, and inventor and Australia's first published Aboriginal Australian author, David Unaipon .
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