What is Australian dollar?
The '''Australian dollar''' (AUD) is the official [[currency]] of the [[Australia|Commonwealth of Australia]]. It has been in use since 14 February 1966. The Australian dollar is also used on [[Christmas Island]], [[Cocos (Keeling) Islands]], [[Norfolk Island]], and the [[independent]] [[Pacific Islands]] of [[Kiribati]], [[Nauru]] and [[Tuvalu]]. In Australia, the dollar symbol '''$''' is usually used. The signs '''A$''' or '''AU$''' are often used to show that it is the Australian dollar. It is subdivided into 100 [[cent (currency)|cents]]. In 2011 the Australian dollar was the fifth-most-traded currency in world.<ref>{{cite web |url = http://www.therichest.org/business/most-traded-currencies/ |title = World's Most Traded Currencies |date = 11 April 2012 |publisher = therichest.org |access-date = May 12, 2012 |archive-date = 22 May 2012 |archive-url = https://web.archive.org/web/20120522095618/http://www.therichest.org/business/most-traded-currencies/ |url-status = dead }}</ref> The most traded currencies were the [[United States dollar|US dollar]], the [[Euro]], the [[yen]], and the [[pound sterling]]. The Australian dollar is liked by people who trade in currencies. This is because Australia has high interest rates and little [[government]] control on currency trading. Australia's [[economy]] and political systems are also seen to be stable. == History == The dollar was introduced on 14 February 1966, replacing the [[Australian pound]]. == Coins == From 1966, coins were made in amounts of 1, 2, 5, 10, 20 and 50 cents. One-dollar coins were made from 1984. Two-dollar coins were made from 1988. The one- and two-cent coins were not made after 1991 and are no longer used.<ref>On the 40th anniversary of [[decimal currency]], the 2006 mint [[Proof coinage|proof]] and [[Coin grading|uncirculated]] coin sets included one- and two-cent coins.</ref> Cash sales are made to the nearest five cents. All coins have the image of the head of state, Queen [[Elizabeth II]] on one side, and all but the two-dollar coins cont