Australia — Historical Events Description

Australia flag
Australia
Event
Introduction of Decimal Currency Preparations Intensify
Category
Economic
Date
1966-02-01
Country
Australia
Description

On 1 February 1966, nationwide preparations intensified for Australia’s switch to decimal currency. Public education campaigns explained the new system. Banks and businesses updated accounting systems. The change aimed to simplify trade and calculations. Schools taught students how to use the new money. The transition required careful coordination. Decimal currency officially launched later that month.