Australia is a sovereign country located on the mainland of the Oceania continent. Australia is the largest country in the region and also the 6th largest country with 2,969,907 square miles. The capital city is Canberra and the largest city is Sydney. The national language of Australia is English. The unit of current currency is the Australian Dollar.
The history of the Australian Dollar.
On 14 February 1966, the Australian Dollar (AUD) was issued and replaced the Australian pound. Interestingly, while processing the new currency, a public discussion had appeared to decide which name for the new one. The “royal” was selected by Harold Holt who is the 17th prime minister of Australia and also the one appointed by the Decimal Currency Committee. However, it met the disapproval of the public, hence, the “dollar” was chosen in the next three months.
The first dollar banknote series was issued in 1966 along with the coin denominations. There were 1, 2, 5, 10, 20, 50, and 100 dollars. These banknotes were printed in paper material. The front side of the $1 banknotes was designed the portrait of Queen Elizabeth II no wonder.
In 1988, this second series was remarkable as the first polymer banknote ever in the world. It was developed by the Reversed Bank of Australia. There were only $10 notes printed in the polymer. For more security, microprinting was in use. Also, these banknotes were featured with a transparent window with a diffractive.
The third dollar banknote series was issued in 1992 because of the first polymer series' security of security itself. The denominations were available at 5, 10, 20, 50, and 100 dollars. Familiar with the previous series, the smallest denomination was decorated with the portrait of Queen Elizabeth II. But, instead of the artwork, the reserve side is featuring the Capitol Hill of Australia. In case of counterfeiting, these banknotes were upgraded by government orders.
The fourth dollar banknote series was in circulation on Feb 12, 2015. At this point, the somatosensory system was used to help vision-loss people determine the denominations. Despite all the changing designs on other denominations, the images of Queen Elizabeth II would appear on the $5 notes no matter what.