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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.
There are many $1,000 banknotes or bills, including: One of the withdrawn Canadian banknotes; One of the withdrawn large denominations of United States currency; One of the banknotes of the Hong Kong dollar; One of the withdrawn Singapore banknotes; One of the Fifth series of the New Taiwan Dollar banknote; One of the banknotes of Zimbabwe
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 US dollar's position in global reserves is often questioned because of the growing share of unallocated reserves, and because of the doubt regarding dollar stability in the long term. [ 23 ] [ 24 ] However, in the aftermath of the 2008 to 2010 financial crisis, the dollar's share in the world's foreign-exchange trades rose slightly from 85% ...
The denominations issued were $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. The $1, $2, $500 and $1,000 notes were only issued in large size until 1882. The $1 and $2 notes are common from most issuing banks. Only three remaining examples of the $500 note are known, with one held privately; the $1,000 note is unknown to exist.
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The portrait of Robert Morris appeared on the first 1000 dollar bill. Mayor of New York DeWitt Clinton appeared on two other versions. [ 1 ] The obverse of the 1928 and 1934 series features a portrait of Grover Cleveland facing right while toward a United States Department of the Treasury seal.
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.