And we are equally proud to have Edith Cowan on the other side of the note, who was the first female member of an Australian parliament. 3/4  BIS central bankers' speeches  The first $ note was introduced into circulation 45 years ago, in 1973. In today’s money, it was worth almost $ at the time, 10 times today’s value!
For most major countries, in most cycles in the second half of the 20th century, the pace of a recovery tended to be related to the depth of the preceding recession: generally, the deeper the recession, the sharper the upturn that followed. This episode has been different, in that a serious recession has been followed by a fairly shallow upswing so far.