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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 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.
Currency distribution of global foreign exchange market turnover [1. Currency ISO 4217 ... Australian dollar: AUD $, A$ 6.8%: 6.4%: 0.4pp ... Toggle the table of ...
The Australian ten-dollar note was one of the four original decimal banknotes (excluding the Australian five-dollar note) that were issued when the currency was changed from the Australian pound to the Australian dollar on 14 February 1966. It replaced the Australian five-pound note, which included the same blue colouration. There have been ...
When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.
According to Reserve Bank of Australia statistics, the number of $100 banknotes in circulation in June 2005 was 149 million—18.5% of all notes in circulation. The cash value for these notes was $14,924 million—41.9% of the total value for all denominations. Only the $50 note had more cash value in circulation. [9]
The Australian one-dollar note was introduced in 1966 due to decimalisation, to replace the 10-shilling note.The note was issued from its introduction in 1966 until its replacement by the one-dollar coin in 1984.
Embossing or a raised image in the clear panel of the number 20. Also for this issue fluorescent colouring was added to the serial numbers, and a patch that shows the banknote's value. A star with four points on the obverse and three on the reverse which join under light. Raised print and micro printing of the denomination name are included. [4 ...