The Cocos (Keeling) Islands, an outer territory of Australia, has a unique monetary history that reflects its colonial past and its current status. Over the years, the island has undergone significant changes in its monetary system, going through different types of banknotes and coins.
Current banknotes in circulation
Currently, the Cocos (Keeling) Islands uses the Australian dollar as its official currency. The banknotes in circulation are the same as those used in mainland Australia, including $5, $10, $10, $20, $50 and $100 denominations. These modern banknotes have advanced security features and depict important figures in Australian history and culture.
Antique banknotes and landmarks in note collecting
Prior to the adoption of the Australian dollar, the Cocos (Keeling) Islands had its own currency. During the period of administration by the Clunies-Ross family, plastic tokens known as "Cocos rupees" were issued and used in a local barter system. In 1955, the Cocos rupee was officially introduced, with banknotes printed by the Clunies-Ross family. These banknotes, now considered rare collector's items, are highly sought after by note enthusiasts due to their unique design and historical significance.
