About the Australian Dollar
The Australian Dollar was introduced in 1966, replacing the Australian Pound with a decimal-based system. The new currency was pegged to the British Pound.
The name 'Dollar' was chosen after a public debate, with other suggested names including 'Royal' and 'Kanga'.
Interesting Facts
Pioneers of Polymer Banknotes
Australia was the first country to develop and issue polymer (plastic) banknotes, starting in 1988. They are more durable and secure than paper notes.
Colorful Currency
Australian banknotes are known for their vibrant colors, which helps to distinguish between denominations.
No More 1 and 2 Cent Coins
Australia stopped minting 1 and 2 cent coins in 1991. Cash transactions are now rounded to the nearest 5 cents.
Historical Timeline
The Australian Pound is introduced.
The Australian Dollar is introduced.
The Australian Dollar is floated, allowing its value to be determined by market forces.
Australia issues its first polymer banknote, a world first for a circulating banknote.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- AUD
- Symbol
- A$
- Numeric Code
- 036
- Subunit
- Cent (1/100)
- Introduced
- 1966-02-14
Central Bank
- Name
- Reserve Bank of Australia
- Headquarters
- Sydney, Australia
- Founded
- 1960
- Current Governor
- Michele Bullock (since 2023)
Economic Data
- Reserve Currency Share
- 1.9%
- Forex Volume Share
- 6.8%
- Inflation Rate
- 3.6%
- Interest Rate
- 4.35%
Exchange Rates
Used In
What Affects the AUD Exchange Rate?
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