Step 1 : Introduction to the question "What is the currency unit in Australia?"
...In 1966, the Australian dollar replaced the Australian pound at a rate of 2 AUD to 1 pound. As the official currency of the Commonwealth of Australia, the AUD is also used in Christmas Island, Cocos Islands, and Norfolk Island, and in the independent Pacific Island states Kiribati, Nauru, and Tuvalu. There are over 20 currencies around the world that use the term “dollar,” but these dollars do not hold the same value.
Step 2 : Answer to the question "What is the currency unit in Australia?"
Dollars:
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