This 2013 Twenty Cent piece was issued as part of the three coin set celebrating a century since the introduction of banknotes
in Australia. The
During the late 19th century bank notes backed by gold were issued by commercial banks around Australia. (Reserve Bank of Australia, 2017) After federation an act of parliament gave the Commonwealth Treasury absolute responsibility for issuing bank notes and removed legal tender status from commercially issued notes. The first government issued banknote, a ten shilling note, was created on the first of May 1913. Over the coming years a number of denomination notes were created - including One, Five, Ten, Twenty, Fifty and One Hundred Pound notes. Banknotes of the Australian Pound continued to be issued until the introduction of Decimal Currency in 1967.
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