Australian Currency
According to the Reserve Bank of Australia website, the currency used is called the Australian dollar notes and coins. The Australian notes come in 100, 50, 20 and 10-dollar denominations. The coins come in 2 and 1-dollar and 50 and 10-cents. The bank notes are made from plastic polymer. It is more secure and more durable than paper notes.
The 2-dollar coin depicts an Aboriginal tribal elder. The 1-dollar coin depicts 5 kangaroos. The 50-cent coin carries Australia’s coat of arms. The 20-cent carries a platypus. The 10-cent features a male lyrebird dancing. The 1 and 2-dollar coins are made of cupro-nickel (75% copper and 25% nickel). The 50 and 10-cent coins are made of Aluminum bronze ( 92% copper, 6% Aluminum and 2% nickel).
The Exchange Rate in Australia
The US dollar is greater than the Australian dollar, for example 1 US dollar is equivocal to 0.9594 Australian dollars. An online currency converter such as, coinmill.com, can be used to accurately determine an up-to-date calculation.
The 2-dollar coin depicts an Aboriginal tribal elder. The 1-dollar coin depicts 5 kangaroos. The 50-cent coin carries Australia’s coat of arms. The 20-cent carries a platypus. The 10-cent features a male lyrebird dancing. The 1 and 2-dollar coins are made of cupro-nickel (75% copper and 25% nickel). The 50 and 10-cent coins are made of Aluminum bronze ( 92% copper, 6% Aluminum and 2% nickel).
The Exchange Rate in Australia
The US dollar is greater than the Australian dollar, for example 1 US dollar is equivocal to 0.9594 Australian dollars. An online currency converter such as, coinmill.com, can be used to accurately determine an up-to-date calculation.
Economy
Australia is one of the worlds most established countries. In 2010, they had a GDP of 1.57 trillion U.S. dollars and their total wealth was 6.4 trillion. As the 19th largest importer and exporter, overall Australia is rich nation (Glynn, 2010).
Australia has a wide variety of jobs though agriculture plays a larger role. Australia is more so towards rich nation. Taxation is similar to taxes in America. Australia's main industries consist of mining, agricultural and tourism.
Australia has a wide variety of jobs though agriculture plays a larger role. Australia is more so towards rich nation. Taxation is similar to taxes in America. Australia's main industries consist of mining, agricultural and tourism.
Imports and Exports
Australia exports coal, gold, meat, wool, alumina, iron ore, wheat, and machinery and transport equipment. Australia imports machinery and transport equipment, computers and office machines, telecommunication equipment and parts, crude oil and petroleum products.
There is a very strong relationship between China and Australia. This is vital to the Australian economy because China leases land from Australia to mine their own resources, this is a great advantage to have a powerhouse of trade, like China, on their team (Australia Exports, Imports and Trade, 2010).
There is a very strong relationship between China and Australia. This is vital to the Australian economy because China leases land from Australia to mine their own resources, this is a great advantage to have a powerhouse of trade, like China, on their team (Australia Exports, Imports and Trade, 2010).
Government
The Australian federal government is divided into 3 separate branches: the legislative branch, including the Commonwealth of Australia, established in 1901 as a democratic institution that consists of the Queen, Queen Elizabeth II, and the Senate and the House of Representatives, the executive branch at its head the Prime Minister, Julia Gillard, and the judiciary branch hold the High Court of Australia and other federal courts (the World Fact Book, 2009).