The Australian dollar is the official currency of Australia, including its external territories: Christmas Island, Cocos Islands, and Norfolk Island. The currency is officially used in the independent Pacific Island states Kiribati, Nauru, and Tuvalu. The official currency symbol: $, A$, AU$.
The Australian dollar was established in 1966 to replace the Australian pound. In 1959, Treasurer Harold Holt appointed a Decimal Currency Committee to discuss the implementation of decimalization. The committee achieved approval in 1960, and the decimalization process was scheduled for February 1966. Holt announced that the new currency would bear the name “real.” The news was met with great public disgust, and three months later, it was declared that it would be renamed “dollar.” The first Australian dollar banknotes were introduced in denominations of $1, $2, $5, $10, $20, $50, and $100.
The Australian government has been introduced four polymer banknote series; the first polymer series was issued in 1988, in denominations of $5, $10, $20, $50, and $100. The second series of polymer banknotes was announced in 2012, which contained several new enhanced security measures. In 1995, the Reserve Bank of Australia identified problems with the holographic security features on banknotes, which led to the announcement of the third one series, which was established between 1995 and 1996. The four and last series were announced in 2015 when the Reserve Bank of Australia announced a new redesigned polymer banknotes series which was introduced from 2015 to 2020.
The 5 Australian dollars note front design features the portrait of Queen Elizabeth II (Queen of the United Kingdom and 15 other commonwealth realms), followed by a stylized design that contains Eastern Spinebill, Prickly Moses flowers, and the Federation pavilion. The design is completed with the Federation Star within a window.
The reverse of the note illustrates the New Parliament House, a forecourt mosaic, the aerial view of Parliament House building, a stylized design which contains Eastern Spinebill, Prickly Moses flowers, and the Federation pavilion and a 3D Federation Star. This note is part of the 2016 – 2019 series, and its color is yellow, pink, and violet.
Text: LEGAL TENDER THROUGOUT AUTRALIA GOVERNOR RESERVE BANK OF AUSTRALIA SECRETARY OF THE TREASURY AUSTRALIA 5 FIVE DOLLARS, AUSTRALIA 5 FIVE DOLLARS