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1976 Australia Two Dollars – JEK

AUD$55.00

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SKU: JEK002257-7B Category:

This paper decimal banknote has the added attraction of being an extremely low numbered note as well with the lovely 0022 paired numbers in the serial.

It is in aUNC condition apart from an extremely light centre fold that is quite difficult to pick up.

Fantastic as an addition to any collection. Please see the pictures.

SKU

Year

Denomination

Signatories

Serial No.

Renniks No.

Approx. Grade

Design

John Macarthur (1767 – 11 April 1834) was a soldier, entrepreneur, politician and pioneer of the Australian wool industry. Macarthur was born in Plymouth, Devon, the second son of Alexander Macarthur, who had fled to the West Indies after the Jacobite Rising before returning and working as a linen draper and ‘seller of slops’, according to some accounts. His exact date of birth is unknown, but it is known that his birth was registered on 3 September 1767. He spelled his surname “M’Arthur” for most of his life. He occasionally varied it to “MacArthur”. The spelling “Macarthur” (with a lower case “a”) became established only very late in his life.

Reverse:William James Farrer (3 April 1845– 16 April 1906) was a leading Australian agronomist and plant breeder. Farrer is best remembered as the originator of the “Federation” strain of wheat, distributed in 1903. His work resulted in significant improvements in both the quality and crop yields of Australia’s national wheat harvest, a contribution for which he earned the title ‘father of the Australian wheat industry’.

Watermark: Captain Cook in left panel”

History

On Monday 12 December 1983, the Australian dollar was floated, allowing its value to fluctuate dependent on supply and demand on international money markets. The decision was made on 8 December 1983 and announced on 9 December 1983.
In the two decades that followed, its highest value relative to the US dollar was $0.881 in December 1988. The lowest ever value of the Australian dollar after it was floated was 47.75 US cents in April 2001. It returned to above 96 US cents in June 2008, and reached 98.49 later that year. Although the value of the Australian dollar fell significantly from this high towards the end of 2008, it gradually recovered in 2009 to 94 US cents.

On 15 October 2010, the Australian dollar reached parity with the US dollar for the first time since becoming a freely traded currency, trading above US$1 for a few seconds. The currency then traded above parity for a sustained period of several days in November, and fluctuated around that mark into 2011. On 27 July 2011 the Australian Dollar hit a record high since the floating of the dollar. It traded at a $1.1080 against the US Dollar.
Some commentators speculate that the value of the dollar in 2011 is related to Europe’s sovereign debt crisis, and Australia’s strong ties with material importers in Asia and in particular China.

*All details taken from Wikipedia for educational purposes only.

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