timeline of australian money

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    timeline of australian money

  • In the first decade after Federation, private bank notes continued to circulate as a paper currency

  • The Australian Notes Act 1910 is passed vesting authority to issue Australian notes in the Treasury. As an interim measure the Government overprints private bank notes with the words 'Australian Note'.In the first decade or so after Federation, rural and

  • The first Australian currency note (10 shillings) is issued. Other denominations follow. The notes reflect the dependence of the Australian economy on rural and mining industries.

  • The authority to issue currency notes is transferred from Treasury to the Australian Notes Board.

  • The 'Harrison series' of currency notes is issued (named after Thomas S Harrison, the Australian Note Printer).

  • The 'Ash series' of notes is issued, named after John Ash, the note printer. Manufacturing is represented on our notes (10 shilling) for the first time.

  • New legislation gives the Commonwealth Bank an extensive charter and central banking powers as well as its responsibilities for the note issue.

  • The 1953/54 series of currency notes is issued. It features portraits of key people in Australian history rather than the Monarchy or the economy.

  • Australia converts from pounds, shillings and pence to decimal currency. The first series of decimal notes is issued. The new notes capture the emerging diversity of Australian society including its literature.

  • Australia breaks the fixed link of the $A to the $US.

  • A $50 decimal currency note is issued

  • The Bankcard (credit card) system is introduced.

  • The decision to replace the $1 note by a $1 coin is announced with the new coin issued in 1984. A $100 decimal currency note is issued.

  • The first currency note - $10 - using new polymer technology developed by the RBA and the CSIRO is issued. It commemorates the Bicentenary of the First Settlement. The $2 note is replaced by a $2 coin. Australia celebrates the Bicentenary of the First Set

  • it celebrates the Bicentenary of the First Settlement. Inflation becomes a major problem, requiring the issue of larger-value decimal currency notes. Polymer currency note technology is developed.

  • Note Printing Branch becomes a self-sufficient business enterprise called Note Printing Australia (NPA). NPA secures its first export order, for a commemorative polymer note, from Singapore

  • The first of a complete series of 'Polymer' currency notes - a $5 note - is issued. The internet gives rise to the World Wide Web.

  • A $10 polymer note is issued.

  • A $20 polymer note is issued

  • A $50 polymer note is issued. A recoloured $5 polymer note is issued.

  • A $100 polymer note is issued, completing the first series of polymer notes. Australia's financial markets develop rapidly through the 1990s and the economy becomes more integrated with the world economy.

  • Sydney hosts the Olympic Games