Australia Currency

 

 

 

 

 

 

Australia Currency

 

 

Currency in Australia

Australia is known to be the first nation to ever issue bank notes that are made of plastic or polymer.

 

The revolutionary and innovative polymer bills were initially launched and circulated in 1988.

 

The first polymer bank note was in the form of commemorative A$10, a commemoration of the country’s bicentenary. It featured a settlement theme.

 

The plastic note featured a young Aborigine boy in body paint, representing native culture.

 

The reverse side of the note featured the vessel Supply, which is part of the First Fleet.

The background was Sydney Cove.

 

 

A group of people was also included to represent diverse backgrounds to symbolize cultural evolution in Australia for more than two centuries. The plastic notes were not just about trivia and uniqueness.
 

The main purpose of the polymer bills was to counter massive counterfeiting of local currencies. After the country established that the Australian dollar was to be official currency in 1966, substantial and massive counterfeiting of $10 bills were detected.

 

In no time, the Reserve Bank of Australia (the country’s central bank) and the Commonwealth Scientific and Industrial Research Organization jointly developed a new note manufacturing technology to prevent proliferation and further circulation of fake paper bills.

 

Not only did polymer notes halted counterfeiting of notes.

Australia Currency

 

The plastic bills also ended problems over the short life-span of conventional paper money, which is naturally fibrous. Such notes could last four times longer than the old and traditional bills. Other advantages include circulation of cleaner notes and ease of recycling.

Sooner, other nations followed suit and adopted polymer materials in their respective bills printing. Because Australia was the pioneer, its notes printer, Note Printing Australia, has been commissioned to develop and manufacture polymer notes of several countries, including Brunei, Indonesia, Malaysia, Mexico, New Zealand, Singapore, Sri Lanka, Bangladesh, Chile, Kuwait, Nepal, Papua New Guinea, Western Samoa, Thailand and Romania. Some other nations are sending feelers in adopting he new notes-printing technology.
 

This innovative technology in producing polymer Australian notes is also offering opportunities to local artists, who are brilliantly creating images to feature the nation’s natural environment and rich history.

In fact, other Australian notes are unique and are highly artistic, as well as culturally symbolic.

The A$100 bills feature soprano icon Dame Nellie Melba. The $50 notes is identified with Aboriginal inventor and writer David Unaipon, while the A$20 bills highlight aerial medical service founder Reverend John Flynn.

As for Australia coins, the Royal Australian Mint is responsible for designing and producing artistic and culturally symbolic national coins.

Currency Australia

 

Local coins circulating nationwide include 5-, 10- and 50-cent coins. There are also mints for the dollar and two-dollar coin denominations. Notes are issued for 5, 10, 20, 50 and 100 Australian dollars.

 
 

 

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