National currency of Australia
The national currency of Australia is Australiandollar, which is represented by money notes of different denominations: 5, 10, 20, 50 and 100. In addition to monetary denominations, there are also coins 1 and 2 in this country.
In addition to the main currency, there are also exchangeablemoney - cents - which are in circulation and are represented by coins of various denominations. One dollar is equivalent to a hundred. The Australian dollar is a convertible currency that is circulating throughout the Australian Union, the Cocos Islands, the Christmas Islands, Norfolk and the states in the Pacific Kiribati, Nauru and Tuvalu.
A bit of history
Dollars in this country were put into circulation only in 1966. Prior to this, Australian pounds were used. Yes, and the first paper money was a copy of pound banknotes in 1, 2, 10 and 20 dollars.
The predecessor of the dollar was a duodecimalcurrency, and the modern currency of Australia is decimal. When a new monetary unit was introduced, Prime Minister Robert Menzies proposed to give it the name Royal, which was used for a short time. But because of the unpopularity of this option, it was decided to name the currency Dollar.
Plastic money in Australia
This is the first country that began to producemoney banknotes from polymeric materials. Emission using such new technologies is undoubtedly more expensive, but the life of such money is much longer. In addition, thanks to the developments, in addition to the standard means of protection that are used on paper banknotes, plastic money is protected even more reliably, undoubtedly, it is difficult to forge them. For today in the country there is no paper currency, each denomination is made of special thin plastic.
The first money from the polymer was released in 1988year, by 1996, paper money was completely withdrawn from circulation. Today, the "paper" currency of Australia is money from thin flexible plastic. At registration transparent elements are used. Such banknotes are not afraid of moisture, they can also be washed by accident, and at sea with them to swim.
Currency of Australia today
Modern Australian dollars are decorated indifferent colors. Money notes depict politicians and other famous people, not only Australia itself. For example, on a banknote with a denomination of $ 5 there is a portrait of Elizabeth II - the Queen of Great Britain - and on a bill of 100 units flaunts a portrait of Australian singer Nelly Melba.
Currency Australian Dollar: value and exchange transactions with it
This is a fairly common currency in the world, so there should be no problems with the purchase. Tourists traveling to this country, perform currency transactions can:
- in all international airports of the country;
- in most hotels;
- in many exchange offices, which are located quite a dense network in Australia;
- in banks;
- many ATMs support the currency exchange function.
Today, the Australian dollar to the rubleis 1 to 49 rubles. Transferring money into local currency using ATMs can be a costly process due to the presence of a sufficiently high commission fee. Therefore, it is recommended to perform such operations through a bank that is affiliated with the bank servicing the card, where the Australian dollar's rate to the ruble will be more profitable.
The cost of a local currency and an American colleagueat different times it was different. For the entire period of this monetary unit, it reached its maximum value on March 14, 1984, then the Australian dollar to the US dollar was 1 to 96.68 US cents. Today 1 AUD to 1 USD - 1 to 0.7.
Features of ATMs
It is worth noting that ATMs, as well as exchangepoints, dense network cover the territory of the country. They are located in the walls of buildings on the street, in the foyer of many shopping centers, bus stations and airports. But they have one feature. Most of the ATMs work only with denominations of $ 20 and $ 50 and are given the opportunity only to withdraw the amounts combined from these banknotes.
The working schedule of banking institutions is presentedfive-day week - from Monday to Thursday. The banks open most often at 9.00, but close at 4 pm, but on Friday the working day of these establishments is more for an hour. And in some large cities you can meet the bank's open doors and on the day off.
