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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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