1979 Australia Two Dollars – JTF

USD$25.18

1 in stock

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SKU: JTF088420-07B Category: Tag:

Description

Great little note in mint UNC condition.

Perfect for going the long haul all the way to your retirement. It will accumulate value strongly in the years to come.

These are exactly the sort of notes that begiining investors and collectors should be looking to retain before the prices climb much higher.

Additional information

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Year

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Serial No.

Renniks No.

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History

With the breakdown of the Bretton Woods system in 1971, Australia converted the traditional peg to a fluctuating rate against the US dollar. In September 1974, Australia valued the dollar against a basket of currencies called the trade weighted index (TWI) in an effort to reduce the fluctuations associated with its tie to the US dollar. The daily TWI valuation was changed in November 1976 to a periodically adjusted valuation.

On 12 December 1983, the Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating floated the Australian dollar, with the exchange rate reflecting the balance of payments and other market drivers.

*All details taken from Wikipedia for educational purposes only.

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