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A currency’s history

Australian dollar in 1966: Decimal dollar

Australian dollar divides its story at 1966, under “Decimal dollar.” The figure attached to that history is 40. Do not replace the sentence with the number on a bureau de change board today. Fix the reason it was issued, the picture, and where it was used, to that year. It ranks how heavily central banks and global finance rely on this unit compared with others in the atlas — an editorial 0–100 score.

A liquid commodity currency and pioneer of polymer banknotes. Australian dollar is one of the units this atlas treats as a full monetary system — not only a ticker symbol. Its story runs from Canberra in 1966 through note design, central-bank practice and the FX role it plays today.

Scores on this site compare Australian dollar with the other currencies in the atlas on reserve weight, global reach, stability, cash culture, design iconicity and policy autonomy. They are relative editorial judgements, not forecasts. The seven chapters cover origins and reforms, the look of notes and coins, the issuer's mandate, where the money circulates, FX and reserves, crisis history, and how people pay with it now.

Australian dollar (AUD) is issued or defined under Reserve Bank of Australia. A liquid commodity currency and pioneer of polymer banknotes. Reserve Bank of Australia sets monetary policy and oversees the unit; physical production involves Royal Australian Mint. No. Tool-Lifes /money is a static educational atlas. It explains regimes, history and design without live tickers.

Australian dollar in 1966 under “Decimal dollar” carries 40. That figure is not today’s counter price.1966

Figures to keep

Year of the rule
1966
Figure in the history
40
Currency
Australian dollar
Line in the record
Decimal dollar

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