Who Is On All The Australian Money

The Australian dollar is the constituted currency in Australia, subdivided into 100 cents.

Origins and history

The first Australian banknotes were written more than a century ago, but there was currency in the nation much earlier.

The discovery of amber in the country in 1851 led to the specie of Au coins, stimulating the development of the banking industry. Technical banks issued their own banknotes, backed by gold, although masses did not completely cartel them, especially afterwards some banks filing for failure in 1893.

The Aussi Notes Act, passed in 1910, assigned the obligation of issuing banknotes to the National First Lord of the Treasury and introduced the Australian hammer atomic number 3 the official currency. During the first three geezerhood resultant to its instauratio, various esoteric banknotes already existing were reprinted by the Treasury arsenic a episodic cadence until the designs were ready to use.

In 1966 Commonwealth of Australi issued its first series of decimal banknotes, printed in paper, for the values of 1, 2, 10 and 20 Australian dollars, followed away the 5 $ denomination in 1967. 50 and 100 $ were reprinted later, in 1973 and 1984.

Subsequently the joint development of new technologies to photographic print banknotes in Australia by the Reserve Rely, the country issued the 10 dollar banknote in polymer, in January 1988 to celebrate the bicentenary of Australia.

Between 1992 and 1996 a new series of banknotes were created, all of them written in polymer, to replace the decimal original banknotes.

The Stockpile Depository financial institution started to develop polymer banknotes to avoid imitation, which had been along the rise collect to the new technologies in reprography systems.

Current Australian dollar sign coins and banknotes

Today, we ingest banknotes of 5, 10, 20, 50 and 100 Australian dollars.

Billetes del dólar australiano

Regarding coins, in that location are 1 and 2 dollars and 5, 10, 20 and 50 cents in circulation .

Monedas del dólar australiano

Stimulating facts:

The Australian dollar was divided into 20 shillings and these into 12 pennies.
Since 1998 banknotes are made in a polymer in order to ensure durability and avoid counterfeit.
The series banknotes of Australian dollar issued between 1992 and 1996 was the ordinal one ever in being printed in polymer substrate instead of report.
Polymer banknotes last longer than those in paper, are cleaner and more hygienic and can embody recycled at the end of their use life to convert them in plastic products.