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35 extraordinary years. What the float of Australian dollar bought us

Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW

How the float was greeted, 35 years ago on December 10, 1983.The Australian, December 10, 1983

If a week is a long time in politics, then 35 years must be an eternity.

35 years ago, on Monday December 12, 1983, the Hawke-Keating government announced the Australian dollar would be floated.

That is, the prices set by willing buyers and sellers would...

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