Australian currency. AUD - the currency of a country other than Australia? History and appearance

The Australian dollar is the official currency of the states that make up the Australian Union. AUD - the currency of a country or countries? These include, except Australia, Cocos Islands, Norfolk Island and Christmas Island. In addition, this currency is used in some independent states of the Pacific region. These include Nauru, Tuvalu and Kiribati.

The popularity of Australia's monetary unit in the world

The Australian dollar has a number of designations. Among them is the familiar $ symbol, as well as $ A, $ AU and AU $. It should be noted by the way that the official Australian currency unit is one of the ten most popular world currencies. In this conditional table of ranks, it is located at an honorable sixth place, second only to such popular currency signs as the US dollar, euro, Japanese yen, British pound sterling and Swiss franc.

Asked about the AUD - the currency of which country, it is important to remember that one of the main features of the Australian currency is the material for manufacturing. So, unlike most of the world's currency, the Australian dollar is not issued on paper, but on the finest plastic.

History of the Australian currency

AUD - the currency of Australia since February 14, 1966. He replaced the previously used Australian pound and the duodecimal monetary system. The Reserve Bank of Australia initiated and created the dollar in 1960. Six years the development of mock-ups and the design of a new currency was conducted, while discussions in society and among specialists about the name of the new currency continued. The then prime minister of the Australian government Robert Menzies proposed the name "royal" (the royal). But this idea has not received sufficient support among the Australian population. Given these public sentiments, it was decided to give the new monetary unit the name "dollar." It should be noted that for the first time a banknote of plastic was put into circulation in 1988. A curious fact: among professional traders, the Australian dollar in the jargon is affectionately referred to as "aussie".

Banknotes of the Australian currency unit

For the first time paper denominations worth one, two, ten and twenty dollars appeared in circulation in 1966. The new banknotes in equivalent were equal to the Australian pounds that had gone before. A five-dollar bill was put into circulation a year after the Australian society had mastered a new decimal monetary system. In those years, many people in the world had a question: "AUD - the currency of which country?"

In 1984, a one-dollar banknote was withdrawn from circulation and the coin of the same denomination was launched. A similar fate awaited a two-dollar bill. In 1973, fifty dollars appeared in circulation, and 11 years later they introduced a hundred-dollar bill. It should be noted that all the notes of the Australian dollar have the same height, but different lengths.

Banknotes issued after 1988 have high quality and long service life. They are made of special plastic. Their release was timed to coincide with the bicentennial of the settling of the Australian continent by European settlers.

It will be by the way to say that over time, banknotes of this monetary unit changed its external appearance. Therefore, the question arises for many: "AUD - the currency of which country?" For example, the five-dollar bill of the Australian dollar has already changed its design three times. One of the variants of such a note is made in pale pink color and on the obverse there is an image of Queen Elizabeth II of Great Britain. But on the reverse side you can see the new and old buildings of the Australian Parliament.

Finally

It should be noted that the operations of buying and selling the Australian dollar constitute the twentieth part of all world currency transactions. In addition, the dynamics of the Australian dollar is also positive. For 1 AUD today give about 47 Russian rubles. This popularity of the monetary unit is easy to explain. Firstly, Australia has a relatively high interest rate, and secondly, in this country there is a high level of stability in both the political system and the economy. In addition, the Australian currency market is free and does not depend on the government.