Australian Dollar

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Australian Dollar

The currency of Australia. It was introduced in 1966, replacing the Australian pound. It was initially pegged to the British pound, but later pegged to the U.S. dollar in 1967. It is now a floating currency and is one of the most widely traded currencies in the world. It is especially important in the South Pacific region, where a number of small nations either use the Australian Dollar or peg their currencies to it at a 1:1 ratio.
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England manager Fabio Capello comes in fourth with a salary of 8.5 million euros (12.14 million Australian dollars) in France Football's survey.
In fact, the major income benefit to Australia of devaluation has come in the form of higher government royalty revenues and taxes, which are calculated on converted Australian dollar earnings.
Before the auction, Sotheby's predicted the eclectic offerings including films, guitars, art, watches, sporting memorabilia and Crowe's jewellery gifts to Spencer, would bring between 2.6 million (PS1.4 million) and 3.7 million Australian dollars (PS2 million).
The deal was closed last June 30 with an initial payment of 10.35 million Australian dollars, while the company will be pay the balance of 1.15 million on 31st July.
"We welcome this initiative and we look forward to working closely with the grape and wine sector to design and implement the 50 million Australian dollar (37.53 million U.S.
He added that the Kingdom's exports to Australia were about 269 million Australian dollars in 2013; while Australian exports to the kingdom amounted to 2.190 billion Australian dollars.
According to a report in Sports24, the offer comes after the same company offered him Rand 97 000 (Australian Dollars 10 000) last week to be shot with 50 paintballs from a five meter distance.
The Australian Dollar has strengthened against the Pound by 11% since May 2013, making now a good time to buy according to the research.
"The Australian dollar could be weakened by tighter monetary policy in the US, but sterling is hardly in a very strong position either."
The Australian dollar will soon be directly convertible with the Chinese yuan, Prime Minister Julia Gillard announced Monday amid a visit to China.
After hearing evidence from all parties, the panel fined Cooper 10,000 Australian dollars (PS6,450) for an adverse tweet he made on September 22 regarding an ARU-licensed product.
17, 2012 (CENS) -- After the absence of new issuance for two years, a new product will hit the global-board bond market, as BNP Paribas will float 200 million Australian dollars of corporate bond, with interest rate topping 4%.

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