When did australia start using the dollar?

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Lacy Tillman asked a question: When did australia start using the dollar?
Asked By: Lacy Tillman
Date created: Thu, Jul 1, 2021 6:36 AM
Date updated: Wed, Jun 22, 2022 3:40 PM

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With 12 pennies in a shilling and 20 shillings in a pound, there was a lot of difficult maths involved in using our money. It was on 14 February 1966 that Australia started to use decimal currency – the dollars and cents that we know today.

  • The Australian dollar replaced the Australian pound on 14 February 1966 as part of the decimalisation process. At this time, 1, 2, 5, 10, 20, and 50 cent coins were issued. $1 coins were first issued in 1984, and $2 coins soon followed in 1988. The one- and two-cent coins were discontinued in 1990 and withdrawn from circulation in February 1992.

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Decimal currency was introduced into Australia on the 14th of February, 1966.

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