Let us start our journey of Australia Information with its geographical location along with the political set up of Australia. It is situated in the southern hemisphere of the globe. Some of the anthropologists say that the indigenous inhabitants of the mainland of Australia have been living for the last forty two thousand years. The country first came under foreign rule during the late 18th century, to be precise the year was 1770. The first foreign power to form colony in Australia was the British. With passage of time, the population of the country went on increasing and thus new places were required to be discovered. In this way, the area of land under Australia started increasing. Other colonial powers also came to the spot and it was found out that the the whole Australia was ruled separately by five powers. From the very beginning of the year 1901, these five self governed colonies were brought under one umbrella to form the Commonwealth of Australia.
Now, let us give a visit to the political structure of the Commonwealth of Australia for having more Australia Information. The system is basically a system of Constitutional Monarchy but is run by an elected government which is again similar to the system of parliamentary democracy.
The highest form of political hierarchy is known as Legislative Council which includes The queen, the senators of the states, and the representatives of the house. The country is being ruled by the federal Executive Council of Australia which includes all the elected members of the parliament. The another very important step of the Australian political set up is the Judiciary which includes all the courts in the country.
Australia Information would be incomplete if nothing is mentioned on the economy along with the currency. Economically, the country has become quite strong which is reflected through the strong performance of the GDP. The per capita GDP has crossed the same of the other developed countries like France and Germany. The service sector is the dominant in the economy contributing a huge sixty eight percent of the total GDP. The export of Australia is mainly agricultural and mining products. The Australian Currency is known as the Australian Dollar which was introduced in the economy in the year 1966. This currency is highly transacted in the foreign exchange market and has a ranking of 5 in terms of transaction rate.
The reason behind the faith of the transactors of the foreign exchange market on AUD is based on the strong economic position of Australia. The political along with the economic stability of Australia is the main reason behind the strong performance of the Australian Currency. Australia is the first country to issue currency in the plastic forms which are more strong, and easy to use than their paper counterparts.
