Historical Events tagged with "decimal"
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Economics & Industry
Australia Transitions to Decimal Currency System
February 14th, 1966 59 years ago
The Australian Government introduced a decimal currency system to replace the old pound-based system. The new system established the Australian dollar, divided into 100 cents, with coins and notes introduced gradually. The movement for decimalization initiated post-World War II, fueled by the need for simplicity in financial transactions and international trade. The changeover was officially implemented on February 14, 1966, with the release of the new currency notes and coins, signaling a modern approach to commerce in Australia.
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