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home / archives / 1995 / 21st March

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Here we go again!

Prime Minister Paul Keating had floated the Australian Dollar in 1983, when he became Treasurer in the Hawke Labor Government. At this point the Australian Dollar was falling and the economy was struggling with high unemployment and interest rates.

As an example, on the 2 days 21-22nd of March, 1995 the AUD was 72 cents to one USD.