Casinos supporting Australian Dollar Currency

Like with many modern things, the reason why Australia uses a currency called the "dollar" despite being a former British colony with very little connection to the United States or Germany where the word originated is due to focus testing.

Australia used the pound sterling as its national currency until 1966 when they decided that it was time to separate further from Britain. The Prime Minister at the time, Sir Robert Menzies, proposed calling the new currency the "royal", a favourite name for coinage among monarchists and what the Canadian dollar was almost called. A number of options were proposed including the austral, the oz, the dinkum, the digger, the Quid, the kanga, the roo, the emu, and the boomer. Menzies' influence eventually won out and the first Australian royals were printed.

The problem is that the public very much disliked the name and after a few tests, it was decided that the "royal" would not be an appropriate moniker and "dollar" was adopted instead.Currency traders are particularly fond of the Australian dollar because of its stability. It is currently the 5th most traded currency in the world, with 7.6% of the money traded on the international markets being Australian dollars.


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