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Note Printing Australia (NPA) is a wholly owned subsidiary of the Reserve Bank of Australia (RBA) that produces banknotes and passports. It was corporatised in July 1998 and is located in Craigieburn , Melbourne.
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.
Banknote Printing Works 1818 (1945) Danmarks Nationalbank [1] Egypt: Banknote Printing Press 1968 Central Bank of Egypt [1] Germany: Bundesdruckerei GmbH 1763 (1851/1879) Federal Ministry of Finance [1] Germany: Giesecke+Devrient GmbH (G+D) 1852 None (Privately held company) [1] Greece: Idryma Trapezis tis Ellados: 1941 Bank of Greece [1] France
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.
The resulting polymer substrate then passes through a rotary printing press using chrome-plated copper cylinders. [5] After printing, the holographic security foil is incorporated into the base substrate. [5] This is then cut into sheets and transported to the banknote printing companies in wooden boxes as a secure shipment. [5] [8]
These RBA subsidiaries were involved in bribing overseas officials so that Australia might win lucrative polymer note-printing contracts. Australian press coverage, which continued into late 2011, reflects concerns with the apparent laxity and tardiness of corrective actions undertaken by relevant RBA board members and officials.
According to data from the IMF, the U.S. dollar accounted for 59.17% of global allocated foreign exchange reserves in the third quarter of 2023 (the latest data set).
The Australian one-hundred-dollar note was first issued in 1984 as a paper note. [2] There have been two different issues of this denomination: initially a very light turquoise-blue paper note, and from May 1996, a green polymer note. [3] Since the start of issue there have been six signature combinations. Two other combinations were not issued.