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Barter, the "money" of Aboriginals
Before Federation, up to 1900 barter was mainly used as a form of payment alongside with the European currency imported by settlers after 1788. -
Period: to
DEVELOPMENT OF AUSSIE MONEY THROUGH HISTORY
This is part of a unit of work for primary students (Victorian Essential Learning Standards Level 3) in Studies of Society and Environment (The Humanities). The unit revolves around the development of Australian Money throughout history. This is a sample of a timeline focusing on the period 1966-2012 -
DISCOVERY OF GOLD
THE DISCOVERY OF GOLD PROMPTED THE DEVELOPMENT OF AUSTRALIAN BANKING AND CURRENCY -
SYDNEY AND MELBOURNE GOLD COINS
AUSSIE GOLD COINS WERE EXCEPTED AS LEGAL TENDER IN BRITAIN AND OTHER COLONIES -
1880s banking development
Credit expanded rapidly, generating a speculative boom during the 1880s -
1901 sovereign
Australia's currency remained a mixture of British copper, silver and gold coins, such as this 1901 sovereign (£1), Australian gold coins and the notes of private banks and the Queensland Government well into the period following Federation -
1913: The first 10 shilling note in Australia
The Australian treasury appointed Sir Thomas Harrison as Australian note printer so that a 10 shilling note was produced in 1913. -
the first notes were made in Melbourne
Produced in Melbourne, the first banknotes bore landmarks linked to Australian mining and farming industries (i.e. Goulbur Weir in Victoria). The first one pound note featured gold mining at Bendigo (RBA 2012, First notes reflection of the Australian Econom) paying homage to the fortunes of Australian economy started in the 1850s. -
1923-1924 Series
The 1923-24 series had a scene of Captain Cook boarding on the £1 note. -
late 1930s notes: A number of notes were made in response to the sudden changes to the British monarchy (king Edward WIII succeeding to King George V
A number of notes were made in response to the sudden changes to the British monarchy (king Edward WIII succeeding to King George V, then replaced by George VI). Edward VIII's image continued to be present on the watermark of Australian notes up to 1940. -
During WWII
During World War II, the Japanese government printed notes with denominations in the Australian pound, which were intended to be used in the occupied territories of Papua New Guinea and possibly Australia. -
The Reserve Bank of Australia and the Australian Dollar
At the end of the 1950s with the creation of an Australian central reserve bank (Reserve Bank of Australia) the country the pound and its elaborated denomination system, switching to the decimal system. This was followed by the debate to find a name for the new currency. It was not without controversy that the name ‘dollar’ won public and popular consensus -
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Inflation in the 1970s
Inflation in the 1970s and 1980s led to the issue of the first higher-denomination notes for many years -
THE INTRODUCTION of POLYMER NOTES
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A complete series of polymer notes from $5 to $100
The trial of the polymer note technology was judged a great success. A complete series of polymer notes from $5 to $100 was issued between 1992 and 1996.
