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Australian dollar
The Australian dollar  is abbreviated with the dollar sign ($), code AUD. It is subdivided into 100 smaller units called cents.The Australian Dollar is the official currency of The Commonwealth of Australia as well as Christmas Island, Cocos (Keeling) Islands and Norfolk Island. The Pacific Island states of Kiribati, Nauru and Tuvalu also officially use the Australian Dollar.
The Australian dollar was  introduced on February 14, 1966 as the new decimal currency.As of 2011, the Australian dollar is the 5th most traded currency in the world., the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.
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