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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 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.
A newer £1,000 note (1923–1928) with the profile of George V was also prepared but never issued. [24] A punch-cancelled specimen note was discovered in London in 1996 and subsequently sold for a sum in excess of $200,000. Nonetheless, this note is not recognised as a legitimate Australian banknote issue.
File:Australian $50 note paper front.jpg; File:Australian $50 note polymer back.jpg; File:Australian $50 polymer front.jpg; File:Australian $100 polymer front.jpg; File:Australian 20 dollar note RBA Reverse Fourth Series.jpeg; File:Australian 20 dollar note Reverse Fourth Series.jpeg; File:Australian 100 dollar note Obverse Fourth Series.jpeg
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 ...
Its note printing branch was corporatised in July 1998, as Note Printing Australia, which is a now a wholly owned subsidiary of the RBA. Initially, the Australian pound was officially distinct in value from the British pound sterling, but Australia's monetary policy was for it to be fixed in value to the pound sterling at parity.
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The Australian Notes Act 1910 was repealed on 14 December 1920 by the Commonwealth Bank Act 1920, which gave note issuing authority to the Commonwealth Bank.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 ...