The Australian Dollar (AUD) is not only the currency of Australia but also of several Pacific Island territories and countries, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. Surprisingly, the AUD is the fifth most traded currency in the world, reflecting Australia’s significant economic standing and its rich resources that are highly sought after globally. Introduced in 1966, the AUD replaced the Australian pound and is known for its vibrant polymer notes, which were a world-first in 1988, showcasing Australia’s innovative approach to currency security and durability.
Moreover, the highest denomination of the AUD has an intriguing backstory. The $100 bill celebrates two prominent Australians: Dame Nellie Melba, one of the world’s greatest opera singers, and Sir John Monash, a remarkable civil engineer and military commander. This highlights Australians’ appreciation for arts and engineering triumphs, both significant aspects of their national identity and history. The creative flair in incorporating such elements onto currency makes the AUD not only a medium of exchange but also a storyteller of the nation’s rich cultural and historical tapestry.
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