when did australia go from pounds to dollars
Australian dollar The Australian pound, introduced in 1910 and officially distinct in value from the pound sterling since devaluation in 1931,[10] was replaced by the dollar on 14 February 1966.[11] The rate of conversion for the new decimal currency was two dollars per Australian pound, or ten Australian shillings per dollar. The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ($2.50 = UK Â£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow. It maintained its peg to the US dollar at the rate of A$1 = US$1.12.
Metrication in Australia Before 1970, Australia mostly used the imperial system for measurement, which the Australian colonies had inherited from the United Kingdom. Between 1970 and 1988, imperial units were withdrawn from general legal use and replaced with SI metric units, facilitated through legislation and government agencies. SI units are now the sole legal units of measurement in Australia. Australia's largely successful transition to the metric system contrasts with the ongoing opposition to metrication in the United States, Canada and the United Kingdom.