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Thursday, 5 March 1942


Senator KEANE -The Treasurer has supplied the following answers: -

1.   American dollar currency has not been incorporated into Australian currency and is not legal tender in Australia. An order under the National Security (Exchange Control) Regulations was signed by the Treasurer on 6th ... January, 1942, by virtue of which, as a matter of convenience, a visitor to Australia, bringing United States notes or coinage with him, might he enabled to pay for goods and services in such currency at the rate of exchange fixed by the Commonwealth Bank, i.e., one United States dollar equals6s.1d. Australian currency. A person in Australia is not bound to accept United States currency in payment for goods or services, but may do so if he so desires. So that such currenc y shall not circulate in Australia a person receiving it must, as soon as possible pay it into his bank otherwise he willbe subject to penalties for infringement of the Exchange Control Regulations.

2.   See No. 1.







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