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.
References in periodicals archive ?
Kearns, J (2009), 'The Australian money market in a global crisis', Bulletin, Reserve Bank of Australia, June.
The film, being made with Australian money, will hit cinemas before the end of the year.
We cannot afford to compete with Australian money so we have to be creative and find stallions that are not popular yet.
The group teamed with ING Real Estate Investment Management, which in turn was investing the Australian money.

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