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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.
Instead, in 1971, Australia pegged the Australian dollar to the United States dollar at a rate of A$1 = US$1.12. [21] [4] Since 1969, the Royal Australian Mint in Canberra has produced all Australian coins. Until 1970, the Melbourne and Perth Mints operated under the jurisdiction of the Royal Mint, as had the Sydney Mint until it was closed in ...
British coins continued in use until 1910, when Australian silver coins were introduced. These included florins, shillings, sixpences and threepences. They had a portrait of King Edward VII on one side. Australian pennies and half-pennies were introduced into circulation the following year. In 1931 gold sovereigns stopped being minted in Australia.
Karina Nartiss, a young Latvian immigrant to Australia, was paid £10/10/- to model as a representation of "Science and Industry" on the £10 note. Sir Henry Parkes, GCMG: $1: C: P: 1996: Centenary of Parkes' death. $5: N: P: 2001 [35] Centenary of Federation special issue Admiral Arthur Phillip, RN: £10: N: P: 1954-66 [36] Replaced the image ...
From 1966 to 1974 the main title identifying the country was Commonwealth of Australia, there were 146,960,000 notes issued in its life. This was subsequently changed to Australia until the end of the issuance of paper currency for this denomination in 1994 with 1,661,970,048 of these notes being issued.
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 Australian one-pound note was the most prevalent banknote in circulation with the pound series, with the last series of 1953–66 having 1,066 million banknotes printed. [2] The first banknotes issued were superscribed notes purchased from 15 banks across Australia and printed with Australian Note and were payable in gold.
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