Sunday 14 February 2016

Australian Currency turns 50 today

Thought I would share a little Australian history with you; not only are we celebrating Valentine's Day here in Australia but our currency the 'Australian Dollar' turns 50

On the 14th February 1966 Australia changed from pounds and pence to dollars and a huge add campaign was launched early 1966.
Below is on the jingle advertisements that aired on TV and the radio to help Australians get used to the new currency.
Currency Conversion Jingle

‘Out with the old and in with the new’

In come the dollars and in come the cents
To replace the pounds and the shillings and the pence
Be prepared folks when the coins begin to mix
On the 14th of February 1966
Clink go the cents, folks clink, clink, clink
Changeover day is closer than you think
Learn the value of the coins and the way that they appear
And things will be much smoother when the decimal point is here
In come the dollars and in come the cents
To replace the pounds and the shillings and the pence
Be prepared folks when the coins begin to mix
On the 14th of February 1966.





























The Mint produced new decimal coins and the 1, 2, 5, 10, 20, and 50 cent coins featured an image of Queen Elizabeth II on the obverse side, with depictions of Australia's unique fauna on the reverse.
The Reserve Bank of Australia oversaw the design and production of the new decimal banknotes for the $1, $2, $10 and $20 denominations. In April 1964, the concept designs by Gordon Andrews were accepted and detailed design work began. During 1965, the Bank's Note Printing Branch completed the formidable task of producing almost 153 million new decimal currency banknotes. Other items printed by the Bank for the introduction of decimal currency included cheques, travellers' cheques and bonds, as well as decimal currency postage stamps. The Reserve Bank also had responsibility for ensuring that an adequate supply of new decimal coins and banknotes was distributed to each of the 5,000 bank branches throughout Australia in readiness for Conversion Day.

When the notes were introduced in 1966 they were made on paper but in early 1988 Australia changed to the polypropylene polymer banknotes which Australia uses today.
Australia doesn't have 1 cent and 2 cent coins anymore and our $1 and $2 are now coins.






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