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Australia & New Zealand Paper Money

Australian paper money was a regional matter prior to the unification of Australia. Queensland and New South Wales issued their own series of treasury notes and banknotes for legal tender, with privately-held banks supplementing with their own banknotes in some areas. This tradition proved hard to change. The Commonwealth government, after unification, had to pass a law specifically prohibiting State notes. In 1910, Australia officially moved to the pound until eventually settling on the dollar in 1966.

Amid rising concerns of counterfeiting, the Reserve Bank of Australia spearheaded research into polymer banknotes with the intent to replace traditional paper blends. In 1988, the first plastic banknotes were printed and distributed in Australia. While... Read more

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