Currency
A set of low denomination banknotes was introduced in 1974. The first Hutt River coins were not issued until 1976. The currency of the Hutt River Province Principality is the Hutt River Dollar, which is divided into 100 cents. The Hutt River Dollar is tied at a one-to-one ratio with the Australian dollar.
Read more about this topic: Principality Of Hutt River
Famous quotes containing the word currency:
“Both of us felt more anxiety about the South—about the colored people especially—than about anything else sinister in the result. My hope of a sound currency will somehow be realized; civil service reform will be delayed; but the great injury is in the South. There the Amendments will be nullified, disorder will continue, prosperity to both whites and colored people will be pushed off for years.”
—Rutherford Birchard Hayes (1822–1893)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)