What currency did Australia introduce on 14 February 1966 to replace the Australian pound?

Australia introduced the Australian dollar on 14 February 1966 to replace the Australian pound.

The change made Australia’s money decimal: one dollar was divided into 100 cents. The Australian pound had used the older British-style system of 20 shillings per pound and 12 pence per shilling. The conversion rate was two Australian dollars for one Australian pound.

The government considered several names, including “royal,” before choosing “dollar.” New coins and notes entered circulation together, and the transition was supported by a large public education campaign.

The Australian dollar is now issued by the Reserve Bank of Australia. It is also widely traded internationally and serves as the official currency of several Pacific island states, including Kiribati, Nauru and Tuvalu.