Australian dollar

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The Australian dollar is the currency of Australia. As of 2018, it was the fifth most traded currency in the world.[1]

Superiority?[edit | edit source]

Some Australian people have made the argument that Australian banknotes are better than the banknotes or paper currency of any other country (despite focusing their discussion on Anglosphere currencies).

Matt Parker[edit | edit source]

On January 18, 2016, mathematician Matt Parker published a video on his YouTube channel standupmaths claiming that Australian banknotes are the best in the world. His arguments can be summarized as follows:[2]

  1. They're colorful and look like Monopoly money (he may not actually have intended this as a pro).
  2. Different valued notes have different sizes, the length increasing logarithmically with value.
  3. The volume of each note also increases logarithmically with value.
  4. The Queen is there to remind you who's boss, and she looks slightly younger than on UK notes.
  5. They're waterproof, because they're made of polymer.
  6. They're tear-resistant, because they're made of polymer, even if you soak them in water.

The concessions he makes are that US money is awesome, and that the area of UK notes increases logarthmically with value. He concluded by saying that UK money is on a log scale, Canadian money is waterproof, and US money is neither, but Australian money is both waterproof and on a log scale.

However, the UK later issued polymer banknotes. Because the polymer notes are about 15% smaller than their paper versions, Parker's calculated log scale for the UK will have been thrown off.[3][4] The original author of this article is too lazy to do the math again.

Vanessa Hill[edit | edit source]

About two months after the UK issued their polymer £5 note, Vanessa Hill published a video on her YouTube channel BrainCraft in response to this event, claiming that the Australian $5 note is still the best banknote in the world. Her arguments can be summarized as follows:[5]

  1. It can play vinyl records because it's made of biaxially oriented polypropylene (BOPP).
  2. Australians invented polymer banknotes.
  3. It has cool anti-counterfeitting features, such as an optically variable device, and the words FIVE DOLLARS printed over and over in microtext.

However, near the end of the video, she adds that 24 other countries use the same kind of polymer banknotes. Additionally, she forgot to mention that the UK £5 note also has microlettering and holograms. Her central argument seemed to be that Australia invented polymer banknotes first.

References[edit | edit source]

  1. IG. "The top 10 most traded currencies in the world". 4 September 2018. Accessed 8 January 2019.
  2. standupmaths. (2016). "Australian Bank Notes are the Best in the World". Via YouTube.
  3. "£5 note". (2018). Bank of England. Accessed December 7, 2018.
  4. "£10 note". (2018). Bank of England. Accessed December 7, 2018.
  5. BrainCraft. (2016). "The Best Banknote in the World!". Via YouTube.