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The 1913 note was the world's first officially issued ten-shilling note. The first note, serial number M000001, was printed by Judith Denman, five-year-old daughter of the Governor-General of Australia, Lord Denman. [1] The last banknote issue had a print of 557,548,000 banknotes. [citation needed] [dubious – discuss]
The coins of the Australian dollar were introduced on 14 February 1966, although they did not at that time include the one-dollar or two-dollar coins. The dollar was equivalent in value to 10 shillings (half a pound ) in the former currency.
A year later Australian pennies and half-pennies entered circulation. Unlike in New Zealand, there was no half-crown. In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. Coinage of the Australian pound was replaced by decimalised coins of the Australian dollar on 14 February 1966 ...
A variety of pegs to sterling applied until December 1931, when the government devalued the local unit by 20%, making one Australian pound equal to 16 shillings sterling and one pound sterling equal to 25 Australian shillings. Coins of the Australian pound also circulated freely in New Zealand, although they were never legal tender. By 1931 ...
The first national issue of paper money (known as Superscribed banknotes) consisted of overprinted notes from fifteen private banks and the Queensland government, issued between 1910 and 1914 in denominations of £1, £5, £10, £20, £50 and £100. [10] The notes, purchased by the Australian government from the remaining private bank stock ...
After the introduction of Australia's decimal currency on 14 February 1966, the shilling became the equivalent of 10 cents in the new Australian dollar system. To assist in the transition to decimal currency in Australia, the Federal Government launched an advertising campaign to explain to the Australian community how the transition would be ...
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. A crown or five-shilling coin was minted in 1937 and 1938.
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.