Australian dollar $AU .

The race between Australian dollar and US dollar has been news head lines for couple of days, because Australian dollar$AU has already reached the parity. Australian currency was first introduced by Prime Minister Andrew Fisher in 1910 and the currency was known as Australian pound consisting of twenty shillings  each consisting of twelve pence. Prior to this, Pound Sterling was being used as currency in Australia.
The Australian dollar was introduced in 1966, by replacing the Australian pound  but also introducing a decimal system. The Australian Prime Minister Robert Menzies wished to name the currency "the Royal", and other names such as "the Austral" and "the Koala" were also proposed.

Each Australian dollar is composed of 100 cents. The smallest coin in current circulation is equal to five cents, the one and two cent coins having been discontinued in 1990-92 and withdrawn from circulation . Australian notes are made of polymer.

                                               

                                   April 2001 ,1 $AU = US 47 cents

                                  

                October 2010 ,1 $AU = $ US 1.006

Corruption and poverty .

Corruption is a simple word but I would like to term this word as a "disease" of human being ; the history of this disease is very ancient ; its root is very wide-spread , nature is always very ferocious ; at present , it has got a monstrous forms .Millions of people of the world are suffering from severe poverty and leading a horrible life style with income of less than one dollar per day. Poverty is a direct outcome of corruption in the society, whether it may be political corruptions, social corruptions, or administrative corruptions or international corruptions.Poverty and corruptions continue in a paralleled way , if corruptions go up , simultaneouly  poverty will go up. we need to break the vicious circle of poverty and corruption , otherwise it will bring the destruction of human civilization.