The Australian dollar, its position and status

Aussie today is one of the most reliable currency in the world.He takes pride in sixth place in the ranking of the most popular currencies of modern economic system.At the same time on the Australian dollar pripadaet share of transactions in the global currency market size 5% of the total volume.That, of course, associated with a stable economic and political state of the country for many years.Use the Australian dollar as the national currency in other independent states of the Pacific, namely, Nauru, Kiribati, Tuvalu and Vanuatu.What it underlines its importance not only for the Commonwealth of Australia, which produces a given currency, but also for the whole world.In practice, the Australian dollar be designated as the US dollar ($).In turn, because of the occurrence of some confusion in the global foreign exchange market and its exception to the dollar sign or add the prefix AU A. In addition, he has a bank code the AUD and unified digital code International Organization for Standardization ISO 4217.

history of Australian money

Modern Australian currency was put into circulation 14 February 1966.It replaced the outdated unit of value exchange in the region, which at the time was called the Australian pound.Initiated innovation Reserve Bank of Australia as early as 1960, but the idea was realized after 6 years.All this time period was used for a thorough analysis of the financial situation in the currency market, the design of banknotes and coins, as well as other organizational activities.Since 1988, the Australian dollar banknotes found a plastic form.Today they can be found in denominations of 5, 10, 20, 50, 100 units.In addition, Australia's widely used forms of monetary currencies denominations of 1, 2 dollars and cents - 5, 10, 20, 50 units, which are the currency with a smaller purchasing power expressed in 1/100 of the Australian dollar.

Australian dollar

Issuer of the monetary unit is the economic system is one of the most reliable and stable states.Thus, the Australian currency has earned relatively high and resistant to various changes and crises course.In addition, the financial policy of the country and highly skilled activities undertaken by her leadership, made the Australian currency is not only a stable medium of exchange values ‚Äč‚Äčover the years, but the monetary unit with a fairly good purchasing power.For example, today the Australian dollar against the ruble - is ratio of 1 to 29, and the ruble, in turn, is equal to 0.0344 ... the dollar.But also do not forget that this wonderful state twentieth century to live without a variety of shocks or revolutions, world wars, and of our great motherland was a little more complicated.So the only hope for a stable life in the near future and back in hard currency.Although not the fact that the hopes are not in vain.