Australian Dollar

AUD | Australian Dollar
  • In 1788, when European settlers first reached Australia, they used products for trading instead of money (rum was their favourite “product”).
  • In 1966, Australian Dollar was introduced instead of Australian Pound, therefore it is a relatively new currency.
  • As far as the name of the new currency is concerned, more than 1,000 options emerged including “Koala”, “Royal” or “Kanga”. Finally, it received the name “Dollar” but many people called the official currency of Australia as “Aussie”.
  • It was the Australians who used plastic to make their money for the first time in the world. It is much more durable than paper, and it is also more difficult to counterfeit.
  • Australian Dollar is a currency that produces the fifth greatest turnover in the world (following American Dollar, Euro, Yen and British Pound).
Country uses Australian Dollar:
  • Australia