Search results
Results From The WOW.Com Content Network
A national Australian currency was created in 1910, as the Australian Pound, which in 1966 was decimalised as the Australian Dollar. From the early 19th century until 1971, the exchange rate of Australian currency was fixed to the British pound. [3] After the dissolution of the Bretton Woods Agreement in 1971, it was fixed to the United States ...
Australian pound. This infobox shows the latest status before this currency was rendered obsolete. The pound (sign: £, £A[1] for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or ...
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.
Banknotes of the Australian dollar. 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 ...
Design discontinued. 1963. The shilling, informally called a "bob", was a type of silver coinage issued by the Commonwealth of Australia, that circulated prior to the decimalisation of Australian coinage. The Australian shilling was derived from the British pre-decimal sterling pound system (the British shilling) and was first issued following ...
The Australian dollar replaced the Australian pound on 14 February 1966 as part of the decimalisation process. [6] At this time, 1, 2, 5, 10, 20, and 50 cent coins were issued. [ 6 ] $1 coins were first issued in 1984, [ 7 ] and $2 coins soon followed in 1988.
Banknotes of the Australian pound were first issued by numerous private banks in Australia, starting with the Bank of New South Wales in 1817. [1][nb 1] Acceptance of private bank notes was not made compulsory by legal tender laws but they were widely used and accepted. The Queensland government issued treasury notes (1866–1869) and banknotes ...
Unlike in New Zealand, there was no half-crown. In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. Coinage of the Australian pound was replaced by decimalised coins of the Australian dollar on 14 February 1966. The conversion rate was A$2 = A£1.