If you cut a bar magnet in half, it's a bit like cutting an earthworm in half! You get two brand new, smaller magnets, each with its own north and south pole. (This is, of course, a joke. You don't get two worms if you cut a worm in half.
Australian Dollar. Overview. The Australian Dollar (AUD) is the currency unit used in the Commonwealth of Australia. The Australian Dollar symbol is $. Commonwealth of Australia states include Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia. The Dollar is rated by the World Foreign Exchange market as the fifth most-traded currency in the world.
The pound (symbol Â£ , or AÂ£ when distinguished from other currencies called the pound) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. It was subdivided into 20 shillings (symbol s), each of 12 pence (symbol d).he history of currency in Australia could be said to begin in 1800, when Governor Philip Gidley King issued a proclamation setting the value of a variety of foreign coins in New South Wales.