Australian pound: Difference between revisions
| Line 7: | Line 7: | ||
After Federation in [[1901]], the Australian government assumed the power to issue currency and began superscribing the private issues that were in circulation, in preparation for the issue of a domestic currency. |
After Federation in [[1901]], the Australian government assumed the power to issue currency and began superscribing the private issues that were in circulation, in preparation for the issue of a domestic currency. |
||
==External link== |
|||
* [http://www.cruzis-coins.com/ Cruzi's Coins] |
|||
[[Category:Currencies of Asia and the Pacific]] |
|||
[[Category:Economy of Australia|Pound, Australian]] |
|||
[[Category:Modern obsolete currencies]] |
|||
Revision as of 09:56, 7 September 2006
The Australian pound was Australia's currency from 1910 to 1966.
Issuance
In the lead-up to Federation, the currency used in the Australian colonies was the pound sterling, divided into 20 shillings, each of which was divided into 12 pence. English silver and copper coins circulated alongside Australian minted gold sovereigns (worth one pound) and half sovereigns, as well as locally minted copper trade tokens. Banknotes were issued by private banks as well as certain colonial governments such as that of Queensland. Paper denominations ranged from 1 to 100 pounds.
After Federation in 1901, the Australian government assumed the power to issue currency and began superscribing the private issues that were in circulation, in preparation for the issue of a domestic currency.