Australian Dollar

The Australian Dollar is the official currency of the Commonwealth of Australia.

Symbol: ($) or (A$)

Subdivisions: 100

Denominations:
Coins – 5c, 10c, 20c, 50c, 1$, 2$.
Notes – $5, $10, $20, $50, $100.

Advisory: Counterfeiting is rendered extremely difficult due to the introduction of polymer banknotes in 1988.

Central Bank: Reserve Bank of Australia.

Mint: Royal Australian Mint

Currency Code: AUD

Countries of Use: Australia, Nauru, Tuvalu, Kiribati.

Interesting Fact: The Reserve Bank of Australia was the first bank to issue polymer banknotes in 1988. The notes are averse to counterfeiting due to heightened security features and far more resilient than normal paper money.

Miscellaneous:

• The Australian Dollar benefits from Australia’s comparatively high interest rates and stable political economy, marking at part of the commodity cycle in foreign exchange.