Time Period: 1965-

Timeline

• 31.12.1965
• Ordinance [Currency, No. 9] on the adoption of the Australian decimal currency according to the Currency Act [No. 95] of 10.12.1965, Australian banknotes and coins were declared sole legal tender; effective 14.02.1966
• 17.09.1976
• Law [Currency Act, No. 11] on the issuance of Nauruan coins in Australian currency; effective 01.10.1976
  - The first collectors' coins were issued in 1993, but no circulation coins.
• 30.09.1976
• Law [Bank of Nauru Act, No. 17] on the establishment of a state-owned commercial bank; effective 01.10.1976
  - 13.06.1997:
• 13.06.1997
• Law [Currency Act, No. 7] on the adoption of the Nauruan Dollar as national currency; effective immediately but not implemented
  - 15.04.2011: Revocation of the currency act in the course of a wider revision of the legislation [Statute Law Revision Act, No. 8].
• 13.06.1997
• Law [Bank of Nauru (Central Banking) Act, No. 6] on the central bank role of the Bank of Nauru, including the authority to issue the Nauruan currency; effective immediately but not implemented
  - The act has never been revoked but became void after the revocation of the Currency Act on 15.04.2011)
  - During 2006, the Bank of Nauru closed its operations but has not been liqudated, so far.