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Aud The Deep-minded
The Australian dollar ( sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1) an ''Currency Act 1965'', s.16 Within Australia, it is almost always abbreviated with the ($), with A$ or AU$ sometimes used to distinguish it from other |
States And Territories Of Australia
The states and territories are federated administrative divisions in Australia, ruled by regional governments that constitute the second level of governance between the federal government and local governments. States are self-governing polities with incomplete sovereignty (having ceded some sovereign rights to federation) and have their own constitutions, legislatures, departments, and certain civil authorities (e.g. judiciary and law enforcement) that administer and deliver most public policies and programs. Territories can be autonomous and administer local policies and programs much like the states in practice, but are still constitutionally and financially subordinate to the federal government and thus have no true sovereignty. The Federation of Australia constitutionally consists of six federated states (New South Wales, Queensland, South Australia, Tasmania, Victoria, and Western Australia) and ten federal territories,Section 2B, Acts Interpretation Act 1901 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Two-cent Coin
The Australian two-cent coin was introduced in 1966 and was the coin of the second-lowest denomination until it was withdrawn from circulation in 1992 (along with the one-cent piece). It is still counted as legal tender, but is subject to some restrictions, and one-cent and two-cent coins are legal tender only up to the sum of 20 cents. History The coin entered circulation on 14 February 1966. In its first year of minting the coin was manufactured at three different mints: 145.2 million at the Royal Australian Mint in Canberra, 66.6 million at the Melbourne Mint and 217.7 million at the Perth Mint. The only year that the coins were minted outside Australia was 1981, when 70.8 million were struck at the British Royal Mint in Llantrisant, Wales, in addition to 97.4 million from Canberra and 81.8 million from Perth. No two cent coins were struck in 1986 or 1987 and the last year of minting was 1989. From 1966 until 1984 the obverse featured the portrait of Queen Elizabeth II ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of transl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Sign
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by the monetary authority, like the national central bank for the currency concerned. In formatting, the symbol can use various formattings: before, between or after the numeric amounts: , and , for example; this positioning is determined by national convention. The symbol is not defined or listed by ISO 4217: that only assigns three-letter codes to currencies (like for Azerbaijani manat) and special cases like gold and silver ( and respectively) that are used as financial instruments. Usage When writing currency amounts, the location of the symbol varies by language. Many currencies in English-speaking countries and Latin America (except Haiti) place it before the amount (e.g., R$50,00). The Cape Verdean escudo (like the Portuguese escudo, to which it was formerly pegged) places its symbol in the decimal separator position (e.g. 20$00). Banco de Cabo Verde.Moeda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Australian Mint
The Royal Australian Mint is the sole producer of all of Australia's circulating coins and is a Commonwealth Government entity operating within the portfolio of the Treasury. The Mint is situated in the Australian federal capital city of Canberra, in Denison St, in the suburb of Deakin. The Mint was opened in 1965 by Prince Philip, Duke of Edinburgh. Before the opening of the Australian Mint, Australian coins were struck at the Sydney Mint, Melbourne Mint and Perth Mint. As such, the Royal Australian Mint was the first mint in Australia to be independent of the British Royal Mint, in the United Kingdom, which was a British government entity. (Of the three older Australian mints, only Perth Mint has remained; it was a subsidiary of the UK Royal Mint until 1970.) Foundations and history Planning for the mint started in 1959 when it was proposed to move the Melbourne branch of the Royal Mint to Canberra, with a large site in the Canberra suburb of Deakin chosen. The Chief Desig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Note Printing Australia
Note Printing Australia (NPA) is a wholly owned subsidiary of the Reserve Bank of Australia (RBA) that produces banknotes and passports. It was corporatised in July 1998 and is located in Craigieburn, Melbourne. NPA has its origins as a subsidiary of the Commonwealth Bank and was established in 1913 to print banknotes for Australia. After printing paper banknotes for 75 years, NPA introduced the first polymer banknote technology in 1988. NPA print banknotes for several other countries as well as Australia due to the high standards of durability and difficulty of counterfeiting. NPA polymer banknotes In the mid 1960s Australia was hit by forgeries of the newly introduced $10 paper decimal note. In response, the Reserve Bank of Australia and Note Printing Australia commissioned the CSIRO to find better ways to secure the Australian currency. This led to the development of the polymer banknote, which the NPA took into production and introduced in 1988. NPA has since focused heavily ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. The bank's main policy role is to control inflation levels within a target range of 2-3%, by controlling the unemployment rate according to the NAIRU, via controlling the official cash rate. The NAIRU was implemented in most Western nations after 1975, and has been maintained at a target of 5-6% unemployment. The average unemployment rate in Australia between the end of the second world war and the implementation of the NAIRU was consistently between 1-2%. Since the implementation of the NAIRU, the average unemployment rate in Australia has been close to 6%. The RBA also provides services to the Government of Australia and services to other central banks and official institutions. The RBA currently comprises the Payments System Board, whic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Pound
The pound ( Sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d). History The establishment of a separate Australian currency was contemplated by section 51(xii) of the Constitution of Australia, which gave Federal Parliament the right to legislate with respect to "currency, coinage, and legal tender". Establishment Coinage The Deakin Government's ''Coinage Act 1909'' distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General. The first coins were issued in 1910, produced by the Royal Mint in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Two-dollar Note
The Australian two-dollar note was introduced in 1966 due to decimalisation, to replace the £1 note which had similar green colouration. The note was issued from its introduction in 1966 until its replacement by the two-dollar coin in 1988. Security features The paper design included a watermark of Captain James Cook in the white field which was also used in the last issue of pound banknotes. There eas a metallic strip, first near the centre of the note, then from 1976 moved to the left side on the obverse of the note. Replacement by the coin The two dollar note was replaced by a gold-coloured coin in 1988, due to the longer service life and cost effectiveness of coins. These notes can still be redeemed at face value by the Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian One-dollar Note
The Australian one-dollar note (or $1 bill) 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. Approximately 1.7 billion one-dollar notes were printed. Printing During the note's issue, between its introduction and 1974, the note bore "Commonwealth of Australia" as the identification of country. At least 680,000,000 notes were printed in this time period. After 1974 and until the dollar coin was introduced in 1984, the note bore "Australia" as its identification of country. Around 1,020,000,000 such notes were printed after 1974. Design The Australian one-dollar note was designed by Gordon Andrews, the design being accepted in April 1964. The note features Queen Elizabeth II wearing Garter robes on the obverse with the Australian coat of arms. This portrait was based on a photo taken by Douglas Glass. The reverse of the note features Aborigina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian One Hundred-dollar Note
The Australian one-hundred-dollar note was first issued in 1984 as a paper note. There have been two different issues of this denomination: initially a very light turquoise-blue paper note, and from May 1996, a green polymer note. Since the start of issue there have been six signature combinations. Two other combinations were not issued. Design The paper issue has a portrait of Antarctic explorer Sir Douglas Mawson, with a background of a mountain range with a geological strata format. A large diamond shape appears to the left of the main picture. Astronomer John Tebbutt is on the reverse, with a background of the observatory he built and a local church. The polymer issue was designed by Bruce Stewart, and features portraits of soprano Dame Nellie Melba and engineer and First World War general Sir John Monash. A new design of the banknote, part of the Reserve Bank's Next Generation Banknote Program, was released into circulation on 29 October 2020. Security features Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Fifty-dollar Note
The Australian fifty-dollar note is an Australian banknote with a face value of fifty Australian dollars (A$50). Since 1995 it has been a polymer banknote featuring portraits of Edith Cowan, first female member of an Australian parliament, and inventor and Australia's first published Aboriginal Australian author, David Unaipon. 1966–1973 There was no fifty-dollar note released as part of the initial rollout of decimal currency in 1966, but inflation necessitated its introduction seven years later in 1973. 1973–1995 The original paper fifty-dollar note, designed by Gordon Andrews, has a scientific theme. On the front of the note is a portrait of Australian pathologist Howard Walter Florey, Baron Florey and scenes of laboratory research. On the back is a portrait of Sir Ian Clunies Ross, veterinary scientist and first chairman of the CSIRO, along with scenes from the Australian environment. 1995–2018 On 4 October 1995 a polymer banknote was released. The new note was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
