Ibaglian dollar

A ten pound note

The pound is the currency of Ibagli. It was introduced on 14 February 1966 as a decimal currency to replace the Australian pound, which was also demonetized in Australia on that day, with the value of the Ibaglian Pound set at the value of one-half that of the Australian pound, which was also the value of the new Australian dollar. It was originally planned to be issued at a 1:1 ratio with the old Australian pound, and to also be based on the £sd system, but the Kenilworth government decided that decimalisation in Australia and New Zealand was a convenient trigger for the abolition of what it considered to be an outdated monetary system.

Coins

Image	Value	Technical parameters				Description			Date of first minting
		Diameter	Thickness	Weight	Composition	Edge	Obverse	Reverse
	1 penny	17.5 mm		2.6 g	97% copper 2.5% zinc 0.5% tin	Smooth	Queen Elizabeth II	Ornamental	1966 (Withdrawn in 1995)
	2 pence	21.6 mm		5.2 g
	5 pence	19.4 mm	1.3 mm	2.83 g	Cupronickel 75% copper 25% nickel	Milled	Queen Elizabeth II		1966
	10 pence	23.6 mm	2.0 mm	5.7 g				Shield of the Coat of Arms
	20 pence	28.5 mm	2.50 mm	11.3 g				Southern Cross
	50 pence	31.6 mm	2.30 mm	13.6 g				Palm fronds
	1 pound	23.0 mm	2.74 mm	8 g	92% copper 6% aluminium 2% nickel	Milled	Queen Elizabeth II	Flag of Ibagli	1986
	2 pounds	26.5 mm	2.70 mm	10 g		Intermittently Milled		Coat of Arms of Ibagli	2002

The 5, 10, and 20 pence coins were designed to circulate alongside the equivalent coins of the Australian pound (six pence, one shilling, and two shillings respectively). Australian currency remained legal tender in Ibagli until 1970.