Australia - 1 Australian Dollar - P-42b1 - (1976) dated Foreign Paper Money

1 Dollar, P-42b1. Front and back shown. The Australian dollar serves as the official currency and legal tender for Australia, its external territories, and three independent sovereign Pacific Island nations: Kiribati, Nauru, and Tuvalu. As of April 2022, it ranked as the sixth most-traded currency in the foreign exchange market, and by the fourth quarter of 2023, it became the seventh most-held reserve currency globally. The Australian dollar was established as a decimal currency on 14 February 1966, replacing the non-decimal Australian pound at a conversion rate of two dollars for every pound (A£1 = A$2). It is divided into 100 cents, with the dollar sign ($) placed before the amount. Initially, the dollar sign was designed to feature two strokes, although the single-stroke version has always been accepted.