When did Australian currency become a decimal currency?

The Australian dollar was introduced as a decimal currency on 14 February 1966 to replace the non-decimal Australian pound, with the conversion rate of two dollars to the pound (A£1 = A$2). It is subdivided into 100 cents. The $ symbol precedes the amount.

When did Australian currency change from pound to dollar?

On 7 April 1963 the government announced that a system of decimal currency was to be introduced into Australia at the earliest practicable date, and gave February 1966, as the tentative change-over date. On 14 February 1966, the Australian pound was replaced by the Australian dollar with the conversion rate of A£1 = A$2.

How did dollar bill help Australians learn about the new decimal system?

The cartoon character Dollar Bill helped Australians learn about the new decimal system. (Credit: NFSA Films/YouTube) Throughout the two-year phasing-out period, citizens could use either the old or new currency to pay for goods and services, and any change they received would be dollars and cents.