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The $50 note was introduced in 1973 and the $100 note in 1984, in response to inflation requiring larger denominations for transactions. [3] The $1 note was replaced by a $1 coin in 1984, while the $2 note was replaced by a smaller $2 coin in 1988. [3]
The two dollar note was replaced by a gold-coloured coin on 14 June 1988 (Monday), due to the longer service life and cost effectiveness of coins. These notes can still be redeemed at face value by the Reserve Bank of Australia and most commercial banks, [ 1 ] but numismatics and note collectors may pay a higher price for these notes depending ...
The Act also prohibited the circulation of all State notes and demonetised them, [10] giving full control over the issue of Australian notes to the Commonwealth Treasury. As a transitional measure lasting three years, blank note forms of 16 banks were supplied to the government in 1911 to be overprinted as redeemable in gold, and issued as the ...
FILE - Australian $5 notes are pictured in Sydney on Sept. 10, 2022. King Charles III won’t feature on Australia's new $5 bill, the nation's central bank announced Thursday, Feb. 2, 2023 ...
This page was last edited on 21 April 2011, at 21:37 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
"Design of the new decimal currency", first broadcast by the ABC in 1964. The Royal Australian Mint has announced that, following the death of Queen Elizabeth II in 2022, it will produce one million $1 coins bearing King Charles' face in 2023 [1] with the new effigy to fully replace a temporary memorial effigy of Queen Elizabeth II by May 2024. [2]
The Australian Notes Act 1910 was repealed on 14 December 1920 by the Commonwealth Bank Act 1920, which gave note issuing authority to the Commonwealth Bank. In 1960, responsibility for note printing passed to the Reserve Bank of Australia (RBA). [2] S.44(1) of the Reserve Bank Act 1959 [4] now prohibits private and State currencies. The ...
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