What are dollar bills called in Australia?

Australian Dollar Banknotes: A Historical Perspective

Australian currency has undergone a significant evolution throughout history. In 1966, the nation transitioned to a decimal currency system, marking a departure from the pound sterling that had been in use for centuries. As part of this transformation, new banknotes were introduced, replacing the old coins and bills. These banknotes became known as Australian dollars.

The Reserve Bank of Australia has the sole responsibility for issuing Australian dollar banknotes. The first series of banknotes, known as the “first dollar series,” was released in 1966 and featured denominations of $1, $2, $5, $10, $20, and $100. Over the years, several new series have been introduced, each incorporating advancements in security features and design aesthetics.

The current series of banknotes, known as the “Next Generation Banknotes,” was first issued in 2016. These banknotes feature a unique and vibrant design that showcases the rich history and diverse culture of Australia. The denominations available in the Next Generation Banknotes are $5, $10, $20, $50, and $100.

Each Australian dollar banknote is meticulously designed and printed using advanced security features to deter counterfeiting. These features include watermarks, metallic threads, tactile elements for the visually impaired, and microprinting. The banknotes also feature notable Australians who have made significant contributions to the nation’s history, culture, and identity.

For example, the $5 banknote depicts Elizabeth II, the Queen of Australia, while the $10 banknote features Andrew Barton, Australia’s first Prime Minister. The $20 banknote honors Mary Reibey, a pioneering businesswoman and philanthropist, and the $50 banknote showcases Edith Cowan, the first woman elected to an Australian Parliament.

Australian dollar banknotes are not only a medium of exchange but also a symbol of national pride and heritage. They represent the country’s journey from a British colony to a modern and independent nation. As the nation continues to progress, its banknotes will undoubtedly serve as a testament to its evolving identity and aspirations.