Currency and banking in Australia You'll use Australian dollars (AUD or AU$) while you're here. One dollar equals 100 cents. Australian dollars come in $100, $50, $20, $10, and $5 banknotes. $1 and $2 dollars come in coins.
Australia's colourful bank notes are known by many colloquial names. The twenty-dollar note is referred to as a lobster, while the fifty-dollar note is called a pineapple, and don't we all want to get our hands on a few jolly green giants, that is, hundred-dollar notes?
“Bucks” is slang for money/dollars in Australia.
The pound (Sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar.
Australia's national currency is the Australian dollar (AUD) which comes in polymer (plastic) notes of $5, $10, $20, $50 and $100.
Summary. A farthing is a quarter penny. This coin was current in Australia but this denomination was not included among those chosen for the coinage of the Commonwealth of Australia.
"C-note" is a slang term for a $100 banknote in U.S. currency. The "C" in C-note refers to the Roman numeral for 100, which was printed on $100 bills, and it can also refer to a century. The term came to prominence in the 1920s and 1930s, and it was popularized in a number of gangster films.
$5 bill has been referred to as a "fin", "fiver" or "five-spot".
Hello, 20 dollar bill simply means the 20$ note. However, the $20 bill is sometimes referred to as a "Jackson", or a "dub".
Australian currency
Australian dollars come in $100, $50, $20, $10, and $5 banknotes. $1 and $2 dollars come in coins. Cents come in 5, 10, 20 and 50 coins. Slang terms. $5 are often called 'fivers' and $10 are called 'tenners'
Bogan. (Noun) An uncouth or uncultured person, usually. See also: feral, ratbag, reptile, bevan etc. “I can't understand that bogan's broad Australian accent.”
“Mate” is a popular word for friend. And while it's used in other English-speaking countries around the world, it has a special connection to Australia. In the past, mate has been used to address men, but it can be gender-neutral. In Australia, you'll also hear mate used in an ironic sense.
What Is Slang for a $50 Bill? "Grant" is one nickname for a $50 bill, which is adorned by the face of Ulysses S. Grant. "Half-yard" is another.
Inception of the term Grand
The term “grand” has been in use as an American slang from the early 1900s, presumably from the phrase “a grand sum of money” which meant $1,000. Well, it is not yet clear who first used the phrase.
Bread is made of dough, which is another common slang term that means money. Bread is money. “I do it for the bread.” An adjective used to describe someone wearing expensive items, like diamond jewelry, or to describe a nice outfit, in general.
Nickname the Aussie $100 note the "Boonie"
The fifty dollar note is called a Pineapple, and a hundred dollar note a 'jolly green giant” or a lime or even a 'green tree frog'.
(Don't forget, Australian slang is closely related to Cockney slang for obvious historical reasons). Elise from Australia tells us:"A $20 is a LobsterA $50 is a pineappleA $100 is a spot$500 a monkey$1000 a gorilla.
The word grand is used in US and UK slang to mean a thousand dollars or a thousand pounds. There are several theories where this term came from, including the possibility that it refers to $1,000 being a grand (“large”) sum of money.
The British empire's control of India led to a number of phrases making their way across from the Raj to our shores, with a 'monkey' perhaps the most famous. Referring to £500, this term is derived from the Indian 500 Rupee note of that era, which featured a monkey on one side.
Where do the terms 'monkey' and 'pony' come from? Whilst this is not cemented in fact, the widely held belief is that the terms came from soldiers returning to Britain from India. Old Indian rupee banknotes had animals on them and it is said that the 500 rupee note had a monkey on it and the 25 rupee featured a pony.
The coin was introduced in 1911, while the last penny was minted in 1964. After decimalisation on 14 February 1966 the penny was equal to 0.8333 cents.
With 12 pennies in a shilling and 20 shillings in a pound, there was a lot of difficult maths involved in using our money. It was on 14 February 1966 that Australia started to use decimal currency – the dollars and cents that we know today.
The Australian currency was decimalised on 14 February 1966. Prior to decimalisation, currency was in the form of pounds, shillings and pence. One pound was equal to 20 shillings, one shilling was equal to 12 pence, and so one pound was equal to 240 pence. Also, one guinea was equivalent to 21 shillings.
Among other changes, the Japanese regime introduced a new currency. Pre-war British currency remained legal tender but rapidly vanished from the open market, and by 1943 the economy operated on Japanese currency, commonly referred to as “banana” money because the ten-dollar note featured a banana plant.