Australian dollar: Difference between revisions

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BIS Triennial report is based on the data from April 2022.
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The '''Australian dollar''' ([[currency sign|sign]]: '''$'''; [[ISO 4217|code]]: '''AUD'''; also abbreviated '''A$''' or sometimes '''AU$''' to distinguish it from other [[dollar|dollar-denominated currencies]];<ref>{{cite book|title=The Web content style guide: an essential reference for online writers ...|first1=Gerry|last1=McGovern|first2=Rob|last2=Norton|first3=Catherine|last3=O'Dowd|page=104|isbn=978-0-273-65605-0|publisher=[[FT Press]]|year=2002|url=https://books.google.com/books?id=wH3nimSNWSsC&pg=PA104|access-date=30 July 2010|archive-date=14 January 2023|archive-url=https://web.archive.org/web/20230114143544/https://books.google.com/books?id=wH3nimSNWSsC&pg=PA104|url-status=live}}</ref><ref>{{cite book |url = https://archive.org/details/canadianstylegui0000unse |title = The Canadian Style |publisher = Dundurn Press/[[Public Works and Government Services Canada|Translation Bureau]] |year=1997 |isbn=1-55002-276-8 |access-date=30 July 2010 }}</ref> and also referred to as the '''dollar''' or '''Aussie dollar''') is the official [[currency]] and [[Legal tender#Australia|legal tender]] of [[Australia]], including [[States and territories of Australia|all of its external territories]], and three independent sovereign [[Pacific Islands|Pacific Island states]]: [[Kiribati]], [[Nauru]], and [[Tuvalu]].<ref name=RBA>[https://www.legislation.gov.au/Details/C2015C00201 ''Reserve Bank Act 1959'', s.36(1)] {{Webarchive|url=https://web.archive.org/web/20190616172012/https://www.legislation.gov.au/Details/C2015C00201 |date=16 June 2019 }}, and [https://www.legislation.gov.au/Details/C2016C01090 ''Currency Act 1965'', s.16] {{Webarchive|url=https://web.archive.org/web/20190509005541/https://www.legislation.gov.au/Details/C2016C01090 |date=9 May 2019 }}</ref><ref name=nauru>{{cite web|url=http://naurugov.nr/about-nauru/visiting-nauru/currency.aspx|title=Currency|website=The Government of the Republic of Nauru|access-date=12 February 2023}}</ref><ref name=tuvalu>{{cite web|url=https://www.dfat.gov.au/geo/tuvalu/tuvalu-country-brief|title=Tuvalu country brief|website=Australian Government – Department of Foreign Affairs and Trade|access-date=12 February 2023}}</ref><ref name=kiribati>{{cite web|url=https://www.dfat.gov.au/geo/kiribati/kiribati-country-brief|title=Kiribati country brief|website=Australian Government – Department of Foreign Affairs and Trade|access-date=12 February 2023}}</ref> {{As of|20232022|April|pre=In|bare=Yes}}, it was the [[Template:Most traded currencies|sixth most-traded currency]] in the [[foreign exchange market]]<ref>{{cite report |date=27 October 2022 |title=Triennial Central Bank Survey Foreign exchange turnover in April 2022 |url=https://www.bis.org/statistics/rpfx22_fx.pdf |url-status=live |archive-url=https://web.archive.org/web/20221027140118/https://www.bis.org/statistics/rpfx22_fx.pdf |archive-date=2022-10-27 |publisher=[[Bank for International Settlements]] |page=12}}</ref> and {{As of|2023|url=https://data.imf.org/?sk=e6a5f467-c14b-4aa8-9f6d-5a09ec4e62a4|pre=Q4|lc=y}} the seventh <!-- Citation lists first by the five IMF basket currencies and then by alphabetical, as the source explicitly points out, with the AUD amount clearly seventh--> most-held [[reserve currency]] in [[Foreign exchange reserves|global reserves]].<ref name="IMFCOFER">{{cite web |date=2024-03-09 |title=Currency Composition of Official Foreign Exchange Reserves |url=http://data.imf.org/COFER |access-date= |website=IMF Data |publisher=[[International Monetary Fund]]}}</ref>
 
The Australian dollar was introduced as a [[decimal currency]] on 14 February 1966 to replace the non-decimal [[Australian pound]], with the conversion rate of two dollars to the pound (A£1 = A$2). It is subdivided into 100 [[cent (currency)|cents]]. The $ symbol precedes the amount. On the introduction of the currency, the $ symbol was intended to have two strokes, but the version with one stroke has also always been acceptable.<ref>{{Cite book |title=Style Manual: For Authors and Printers of Australian Government Publications |publisher=Commonwealth Government Printing Office |year=1966 |edition=1st |location=Canberra |page=35 |language=en |oclc=10365249}}</ref><ref>{{cite book |last=Australian Decimal Currency Board |title=The decimal currency handbook : a comprehensive guide to Australia's new decimal currency and the changeover period - planned to begin in 1966 |date=1965 |page=19 |id=[[National Library of Australia|NLA]]: [https://catalogue.nla.gov.au/catalog/585292 585292]}}</ref>