Australia’s official currency and legal tender is the Australian dollar. Also known as the “Aussie,” this small but mighty currency is among the top-traded in the world. It replaced the Australian pound in 1966, when part of the Australian public tried to call the new, incoming currency the “koala” instead of the dollar.
As part of the British Commonwealth, Australian currency depicts the head of the British monarchy. After the death of Queen Elizabeth II, new coins of King Charles III are being minted and will start circulating in 2023.