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What is the national currency of Australia ?
Question

What is the national currency of Australia ?

A.

Australian Dollar

B.

Australian Euro

C.

Australian Pound

D.

Australian Renminbi

Correct option is A

The Australian Dollar (AUD) is the national currency of Australia. It is one of the most traded currencies globally and is symbolized by $ or A$ to distinguish it from other dollar-denominated currencies.

Key points:
● The Australian Dollar was introduced in 1966, replacing the Australian Pound.
● It is subdivided into 100 cents.
● The Reserve Bank of Australia is responsible for issuing and regulating the currency.
● The currency features polymer banknotes, known for their durability and security.
● Australia’s economy, driven by exports like minerals and agriculture, influences the AUD's value.
● The currency is widely recognized for its stability and international trade role.

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