7 Things about Australian Currency

1. Australia’s first bank; the Bank of New South Wales was established in 1817. The first issue of banknotes comprised five shillings, ten shillings, one pound and five pounds and paper tokens for one shilling, one shilling and sixpence, two shillings, and two shillings and sixpence.

2. In 1825 the British Government imposed the sterling standard throughout its Empire and English coins were minted in Australia.

3. Decimal currency was introduced on 14 February 1966.

4. Australia’s coins are produced by the Royal Australian Mint, which has the capacity to produce more than two million coins per day, or more than 600million coins per year. All Australian coins have the portrait of Queen Elizabeth II on the front. The reverse side of $2, $1 and 50c coins frequently feature commemorative designs. The $1 coin was introduced in 1984 to replace the $1 note. The $2 coin followed in 1988 to replace the $2 note.

5. In 1988 (the bicentenary year), Australia introduced its first polymer bank note, the technology which produced the notes was developed in Australia. The notes are printed by Note Printing Australia a wholly owned subsidiary of the Reserve Bank of Australia.

6. Note Printing Australia prints polymer notes for a growing number of other countries including Bangladesh, Brunei, Chile, Indonesia, Kuwait, Malaysia, Mexico, Nepal, New Zealand, Papua New Guinea, Romania, Western Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand and Vietnam. Many other countries are showing a strong interest in the new technology.

7. The currency converter shows $100 AUD currently coverts to

91.58 USD

60.31 GBP

66.55 EUR

8284 JPY

4161 INR