What is the currency in Australia called?

What is the Currency in Australia?

Australia’s official currency is the Australian dollar (AUD), denoted by the symbol “$” or “AUD”. It is issued by the Reserve Bank of Australia and is widely accepted throughout the country.

Currency Denominations

Australian banknotes come in denominations of $5, $10, $20, $50, and $100. They feature prominent Australian figures, such as Queen Elizabeth II, on one side and various depictions of Australian history, culture, and nature on the other.

Coins are available in denominations of 5 cents, 10 cents, 20 cents, 50 cents, $1, and $2. They feature various symbols and designs, including the Queen’s profile and the Australian coat of arms.

Currency Exchange

Visitors to Australia can exchange foreign currency at banks, airports, and exchange bureaus throughout the country. It is advisable to compare exchange rates from different providers to ensure the best deal. ATMs are also widely available and can dispense Australian dollars in various denominations.

Cashless Payments

Australia has a highly developed cashless society, with electronic payments widely accepted. Credit cards, debit cards, and mobile payment systems such as Apple Pay and Google Pay are commonly used for purchases. However, cash may still be preferred for small transactions at markets or local businesses.

Current Exchange Rate

The value of the Australian dollar fluctuates against other currencies. Visitors can check the current exchange rate on reputable websites or currency exchange platforms.

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