The Australian dollar, its position and status

Australian dollar For today is one of the most reliable monetary units in the world. He takes an 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 world currency market operations in the size of 5% of the total. Which, of course, is due to the stable economic and political state of the country for many years. The Australian dollar is used as a national currency also in other independent states of the Pacific region, namely Nauru, Kiribati and Tuvalu. What underlines its importance is not only for the Australian Union, which issues this monetary unit, but for the whole world. In practice, the Australian dollar Is usually referred to as the US dollar ($). In turn, due to the appearance of some confusion in the world currency market and for its elimination to the dollar symbol, the prefix AU or A is added. In addition, it has the bank code AUD and the unified digital cipher of the International Organization for Standardization ISO 4217.

History of Australian money

The modern currency of Australia was put into circulation on February 14, 1966. It replaced the already outdated unit of exchange of values in the region, which at one time was called the Australian pound.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. The entire period was used for a thorough analysis of the financial situation in the foreign exchange market, the development of design of banknotes and coins, as well as other organizational activities. Since 1988, Australian dollar bills have become plastic. For today, they can be met with a nominal value of 5, 10, 20, 50, 100 units. In addition, monetary units of a monetary form with a denomination of 1, 2 dollars and cents - in 5, 10, 20, 50 units, which are a currency with a smaller purchasing power expressed in 1/100 of the Australian dollar, are actively used in Australia.

Rate of the Australian dollar

The issuer of this monetary unit is the economic system of one of the most reliable and stable states. Thus, the currency of Australia is well-deserved is relatively high and resistant to various changes and crises course. In addition, the country's financial policy and highly-qualified activities undertaken by its management have made the Australian currency not only a stable means of exchanging values for many years, but also a monetary unit with a fairly good purchasing power. For example, today the Australian dollar to 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 shocks, revolutions or world wars, and our great homeland was a little more complicated. 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.