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Australian dollar
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<p>The Australian dollar (<a href="/facts/Currency_sign/cCPm1sPP">sign</a>: $; <a href="/facts/ISO_4217/tk7Y5uh6">code</a>: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other <a href="/facts/Dollar/Mp3qLdHp">dollar-denominated currencies</a>; and also referred to as the dollar or Aussie dollar) is the official <a href="/facts/Currency/g5GPGfTe">currency</a> and <a href="/facts/Legal_tender/VHLm0xnf">legal tender</a> of <a href="/facts/Australia/qLHpbppq">Australia</a>, including <a href="/facts/States_and_territories_of_Australia/kUd6AV5c">all of its external territories</a>, and three independent sovereign <a href="/facts/Pacific_Islands/AxJ5sXWp">Pacific Island states</a>: <a href="/facts/Kiribati/jCeCKakL">Kiribati</a>, <a href="/facts/Nauru/ndT45vaC">Nauru</a>, and <a href="/facts/Tuvalu/d8mLnsM8">Tuvalu</a>. In April 2022, it was the sixth most-traded currency in the <a href="/facts/Foreign_exchange_market/NHnHPMhE">foreign exchange market</a> and as of Q1 2024 the sixth most-held <a href="/facts/Reserve_currency/TsQLVutH">reserve currency</a> in <a href="/facts/Foreign_exchange_reserves/6fDTWn7l">global reserves</a>. </p><p>The Australian dollar was introduced as a <a href="/facts/Decimal_currency/94cUnaD6">decimal currency</a> on 14 February 1966 to replace the non-decimal <a href="/facts/Australian_pound/HGP9pNIr">Australian pound</a>, with the conversion rate of two dollars to the pound (A£1 = A$2). It is subdivided into 100 <a href="/facts/Cent_(currency)/Bm1EtB76">cents</a>. The $ symbol precedes the amount. On the introduction of the currency, the $ symbol was intended to have two strokes, but the version with one stroke has also always been acceptable. </p><p>In 2023, there were A$4.4 billion in coins and A$101.3 billion in notes of Australian <a href="/facts/Currency_in_circulation/vMkuDo57">currency in circulation</a>, or around A$6,700 per person in Australia, which includes cash reserves held by the banking system and cash in circulation in other countries or held as a <a href="/facts/Foreign_exchange_reserve/6fDTWn7l">foreign exchange reserve</a>. </p>