On This Day - May 13th 1984
The Australian $1 banknote is replaced with a $1 coin.ย
Decimal currency was first introduced in Australia on 14 February 1966. The new Australian dollar replaced the Australian pound, which was different to the Pound Sterling, and introduced a decimal system. Australian Prime Minister at the time, Robert Menzies, a devout monarchist, wished to name the currency "the Royal", and other names such as "the Austral" were also proposed. Menzies's influence meant that the name "Royal" prevailed, and trial designs were prepared and printed by the printing works of the Reserve Bank of Australia. The name "Royal" proved unpopular, and it was later shelved in favour of "Dollar".
The Australian $1 banknote was replaced by a coin on 13 May 1984. The original standard coin depicts five kangaroos, but the one dollar coin is also used to carry commemorative designs. Such commemorative designs include the International Year of Peace in 1986, Australia's bicentenary in 1988, the 1992 Barcelona Games, Landcare Australia in 1993, Sir Charles Kingsford Smith in 1997, International year of older persons in 1999 and the International Year of Volunteers in 2001.
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