Time line of Australian Money By kluu378 Period: Jan 1, 1901 to Dec 31, 2001 Time line of Australian Money Mar 12, 1905 private bank notes continued to circulate as a paper currency May 13, 1910 Private bacnks printed the word " Australian notes " on the notes Mar 17, 1923 The 'Harrison series' of currency notes is issued Mar 17, 1933 The 'Ash series' of notes is issued Mar 17, 1953 The 1953/54 series of currency notes is issued Mar 17, 1966 Australia converts from pounds, shillings and pence to decimal currency. Mar 17, 1988 The decision to replace the $1 note by a $1 coin is announced