Why Australians Aren't Scared to Use US Dollars
Contrary to popular belief, Australians are not envious or sad at all that they do not use US dollars. Instead, they embrace their own independent currency, which has its unique advantages. This article explores why Australians find no reason to use US dollars and why they prefer their own currency.
Independence and Recession-Proofing
In 2008, when the United States was experiencing a significant economic downturn, Australia managed to navigate the crisis relatively smoothly. This is due, in large part, to the fact that the Australian dollar is no longer controlled by the US monetary system. By having their independent currency, Australian policymakers can implement monetary policies tailored to the unique needs of the Australian economy, thereby avoiding many of the roller coasters that other nations experienced during that period.
Enhanced Practicality: Polymer Bank Notes
Australian currency is known for its durability and practicality, thanks to the use of polymer bank notes. Unlike paper money, which often gets damaged by moisture, heat, or washing, polymer notes are robust and resistant to such issues. Australians pride themselves on the fact that bank notes can be easily cleaned and used in any setting, whether you're swimming, surfing, or even doing laundry with them. Imagine being able to go through the washing machine with a stack of money without worrying about water damage – the convenience is undeniable.
Unique Designs and Cultural Pride
Another aspect of Australian currency that endears it to the public is its unique and culturally rich designs. Instead of featuring images of notable Americans like Andrew Jackson, the Australian notes celebrate the country's rich history and iconic figures. For instance, you'll often see images of historical battles, native flora, and even animals like kangaroos and koalas. The front and back of each note feature significant figures and historical events, although one notable figure you might find is Queen Elizabeth II, not Andrew Jackson. This choice symbolizes the country's strong bond with the British monarchy and rich heritage.
Conclusion
Far from being envious, Australians are proud of their independent currency and the practical benefits it brings. From recession-proofing through independent monetary policy to the durability and beauty of polymer notes, the Australian dollar is a source of pride and convenience for both locals and tourists. The idea of switching to US dollars would be like trading in something valuable for something less practical and less aligning with national identity.
So, the next time you hear someone suggesting that Australians are sad they don’t use US dollars, you can confidently inform them of the true reasons behind Australia’s preference for its own currency.