Australian dollar today it is one of the most reliable monetary units in the world. He takes the honorable sixth place in the ranking of the most
popular currencies of the modern economic system. At the same time, the Australian dollar
the share of operations of the
world currency market of the size of
5% of the total volume. Which, of course, is connected with the stable economic and political condition of the country for many years. The Australian dollar is also used as the national
currency in other independent countries of the Pacific, namely, Nauru, Kiribati and Tuvalu. Which emphasizes its importance not only for the
Australian Union, which issues this currency, but also for the whole world. In practice, the Australian dollar
It is customary to designate as the US dollar ($). In turn, due to some confusion in the world currency market and for its exclusion, the prefix AU or A is added to the dollar symbol. In addition, it has an AUD banking code and a standardized digital code number ISO 4217.
Australian Money History
The modern currency of Australia was put into circulation on February 14, 1966. It replaced the already obsolete unit of exchange of values in the region, which at one time was called the Australian pound. The Reserve Bank of Australia initiated the innovation back in 1960, but the idea was realized after 6 years. All this period of time was used for a thorough analysis of the financial situation in the foreign exchange market, the design of banknotes and coins, as well as other organizational activities. Since 1988, the Australian dollar banknotes have gained a plastic form. Today they can be found in denominations of 5, 10, 20, 50, 100 units. In addition, Australia actively uses monetary units in denominations of 1, 2 dollars and cents - 5, 10, 20, 50 units, which are the currency with a smaller purchasing power, expressed in 1/100 of the Australian dollar.
Australian dollar rate
The issuer of this currency is the economic system of one of the most reliable and stable states. Thus, the Australian currency deservedly has a relatively high and resistant to various changes and crises. In addition, the country's financial policy and the highly qualified activities undertaken by its leadership have made the Australian currency not only a stable means of exchanging values over the years, but also a monetary unit with quite good purchasing power. For example, today the Australian dollar against the ruble is ratio 1 to 29, and the ruble, in turn, is equal to 0.0344 ... dollars. But also do not forget that this beautiful state of the twentieth century lived without various upheavals, revolutions or world wars, and our great homeland was a little more difficult. So it remains to hope for a stable life in the near future and a hard currency in the distant future. Although it is not a fact that hopes will not be in vain.