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They have a system of Australian Dollars which contain 100 cents. There is no one dollar note (bill, in the US) and there is no two dollar note; instread there are one dollar coins and two dollar coins. There are no one cent pieces; the 5 cent coin is the smallest coin, and there are coins for 10, 20 and 50 cents. Notes come in denominations of $5, $10, $20, $50 and $100. Australian notes have some security features that are unique. See link for more. The system works very well.

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Q: What is the currency like in Australia?
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