I believe Australian £1 was "devalued" in the late 1920s in order to export cheaply to the UK by one of the treasurers or was it a PM? Prior to this, Australian £ was on par with £ sterling because of it being a British colony then still linked to the UK due to the economic ties.
Up to 1966, British pound is worth Australian £1/5/0. Australian dollar was linked to the US dollar for a short time after Australia left sterling area. That means the Australian dollar was linked to sterling for some time prior to the UK's devaluation on their £ sterling.
That is from my memory.
My dad used to tell me that 2/6 was half a dollar when he was a lad in Belfast. Usually people would say 2 and 6 or very rarely half crown.
I always wanted to know why 2/6 coins were not minted in Australia. Is there any particular reason?
Edited by Carrigna
12/01/2017 9:49 pm