Message: #270738
Аннета Эссекс » 28 Nov 2017, 08:05
Keymaster

Money, currency exchange, cards, transfers

The national currency of Australia is the Australian dollar, which is represented by banknotes of various denominations: 5, 10, 20, 50 and 100. In addition to banknotes, this country also has 1 and 2 dollar coins.

In addition to the main currency, there are also change money – cents – which are in circulation and are represented by coins of various denominations. One dollar equals one hundred cents. The Australian dollar is a convertible currency that is in circulation throughout the Commonwealth of Australia, the Cocos Islands, Christmas Islands, Norfolk and the Pacific states of Kiribati, Nauru and Tuvalu.

Plastic money in Australia This is the first country that began to issue banknotes from polymer materials. Issuing using such new technologies is undoubtedly more expensive, but the life of such money is much longer. In addition, thanks to the developments, in addition to the standard security measures that are used on paper banknotes, plastic money is protected even more reliably, no doubt, they are quite difficult to fake. To date, there is no paper currency in the country, each bill is made of special thin plastic.

The first polymer money was issued in 1988, by 1996 paper money was completely withdrawn from circulation. Today, the “paper” currency of Australia is money made of thin flexible plastic. The design uses transparent elements. Such banknotes are not afraid of moisture, they can be washed by accident, and you can swim with them in the sea.

Currency Australian dollar: cost and exchange operations with it This is a fairly common currency in the world, so there should be no problems with the purchase. Tourists traveling to this country can make currency transactions: at all international airports of the country; in most hotels; in many exchange offices that are located in a fairly dense network in Australia; in banks; many ATMs support the currency exchange function.

Features of ATMs It is worth noting that ATMs, like exchange offices, cover the territory of the country with a dense network. They are located within the walls of buildings on the street, in the foyer of many shopping centers, at bus stations and airports. But they have one feature. Most of the ATMs only accept 20 denominations and 50 dollars and the opportunity is provided only to withdraw amounts combined from these banknotes. The work schedule of banking institutions is represented by a five-day week – from Monday to Thursday. Banks open most often at 9.00 and close at 16.00, but on Friday the working day of these institutions is one hour longer. And in some large cities you can find the open doors of the bank on the day off.

The largest banks in Australia

As such, there is no central bank in Australia.

Popular banks in Australia

Australia and New Zealand Banking Group Limited (ANZ)
Commonwealth Bank of Australia (CBA)
National Australia Bank (NAB)
Westpac

Transferring money to Australia

You can transfer money to Australia using a bank or telegraphic transfer. However, Australian banks can sometimes take up to 10 days to verify the payment. Wire transfer is faster, but more expensive.

Message: #2768425
Temur » 01 Jun 2023, 17:24
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