when did australia go from pounds to dollars
Australian dollar The Australian pound, introduced in 1910 and officially distinct in value from the pound sterling since devaluation in 1931,[10] was replaced by the dollar on 14 February 1966.[11] The rate of conversion for the new decimal currency was two dollars per Australian pound, or ten Australian shillings per dollar. The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ($2.50 = UK Â£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow. It maintained its peg to the US dollar at the rate of A$1 = US$1.12.
Economic nationalism While the coining of the term "
Paris Peace Accords
Government of Australia The Government of the Commonwealth of Australia (also referred to as the Australian Government, the Commonwealth Government, the Federal Government, and formally Her Majesty's Government) is the government of the Commonwealth of Australia, a federal parliamentary constitutional monarchy.