The Reserve Bank of Australia conducts monetary policy,
works to maintain a strong financial system and issues
the nation's banknotes. The Reserve Bank commenced
operations as Australia's central bank on 14 January 1960.
The introduction of decimal currency on 14 February 1966 was a major milestone
in the nation's social and economic history. On the occasion of the 50th
anniversary, learn about the decision to decimalise, the design of the new and
distinctively Australian currency, and the way in which the decimal system was
explained to households and businesses.
The Museum tells the story of our currency notes against
the background of Australia's economic and social development,
through a number of stages from colonial settlement
through to the current era of polymer banknotes.
The Reserve Bank is responsible for all aspects of the
production and issuance of Australian banknotes. It
works to ensure that the public has confidence in their
banknotes as a means of payment and a secure store of
Reserve Bank Board Meeting – Monetary Policy Decision
Welcome and introductory remarks by Philip Lowe, Deputy Governor, at an international conference, organised by the Asian Development Bank (ADB) in collaboration with the Institute of Global Finance (IGF) and the University of New South Wales (UNSW), Sydney