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The Australian Dollar (AUD), symbolised as A$, is the official currency of Australia and one of the most traded currencies globally. Introduced in 1966 to replace the Australian pound, the AUD is divided into 100 cents. It is issued and managed by the Reserve Bank of Australia (RBA), which oversees its stability and circulation.
The AUD is known for its distinctive polymer banknotes, first introduced in 1988 as a world-first innovation to combat counterfeiting. These notes feature iconic Australian figures, landscapes, and cultural symbols, reflecting the country’s heritage and values.
Australia’s strong and diverse economy, driven by sectors like mining, agriculture, and services, underpins the stability of the AUD. As a freely floating currency, the AUD’s value fluctuates based on market forces, making it a popular choice among forex traders and investors.
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