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In the early years of the Colony of New South Wales, the term "currency" was used to refer to any money other than pound sterling, which was the only legal tender.Owing to a shortage of sterling, "currency" circulated freely, but was not always accepted – the term carried implications of illegality, inferior quality, and subordination. [3]
The New South Wales Corps was recalled soon after. Otherwise, the shortage of coinage persisted. For example, between 1811 and 1816 Governor Lachlan Macquarie paid the contractors who built the Sydney Hospital with 200,000 litres (54,000 US gal) of rum, later increased to 270,000 litres (72,000 US gal).
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.
Examples of private issue paper currency in New South Wales, denominated in sterling, exist from 1814 (and may date back to the 1790s). [15] Denominated in sterling (and in some cases Spanish dollars ), these private banker and merchant scrip notes were used in Sydney and Hobart through 1829. [ 16 ]
Spanish dollars were sometimes cut into "pieces of eight", quarters, and then into 2/3 and 1/3 segments, with the 2/3 segments (1/6 of original coin) being "shillings" and the 1/3 segments (1/12 of original coin) "sixpences" [1] In 1791 Governor Phillip of New South Wales fixed the value of the Spanish dollar to equal five shillings.
A New South Wales "holey dollar", the first distinct currency of Australia. Holey dollar is the name given to coins used in the early history of two British settlements: Prince Edward Island (now part of Canada) and New South Wales (now part of Australia).
CurrencyFair is an online currency exchange platform that until 2023 offered a peer-to-peer currency exchange service. CurrencyFair is headquartered in Ireland and also has employees in the UK, Australia, Greece, Hong Kong, Poland and Singapore. The company has established working sectors in Newcastle (UK), New South Wales (Australia ...
Simple euro calculator (Germany) A euro calculator is a type of calculator in European countries (see eurozone) that adopted the euro as their official monetary unit. It functions like any other normal calculator, but it also includes a special function which allows one to convert a value expressed in the previously official unit (the peseta in Spain, for example) to the new value in euros, or ...