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 50 Australian dollars note front design features the portrait of David Ngunaitponi (1872 – 1967), known as David Unaipon, was an Aboriginal Australian man of the Ngarrindjeri people, who contributed to Australian society helped to break many Aboriginal Australian stereotypes, followed by a Mission church at Point McLeay, the place were David Unaipon people’s live, a diagram of Unaipon’s patent application, a David Unaipon manuscripts, the seven-pointed star, the National Coat of Arms, and vignette of the Southern Cross within a window.
The reverse of the note illustrates the portrait of Edith Dircksey Cowan (1861 – 1932), was an Australian social reformer who is regarded for worked for the rights and welfare of women and children. She is the first Australian woman to serve as a member of parliament, followed by a drawing of the West Australian Parliament, a picture of a foster mother and state children, and the image of Edith Cowan at a lectern giving a public speaking. This note is part of the 1995 – 2016 series, and its color is black and deep purple on a yellow-brown, green and multicolor underprint.
Text: THIS AUSTRALIAN NOTE IS LEGAL TENDER THROUGHOUT AUSTRALIA AND ITS TERRITORIES,
As a fullblooded member of my race I think I may claim to be the first- but I hope, not the last- to produce an enduring record of our customs, beliefs and imaginings, Australia