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    Australia is the 6th largest country in the world by area. Officially, it is called the Commonwealth of Australia. Its official currency is the Australian dollar, nicknamed the Aussie.

    The economy of Australia is focused on exporting natural resources such as iron ore, coal and food. The rapid economic growth of Asian economies, especially China, increased the demand for these exports.

    Australia also has close economic ties with its neighbour New Zealand. When paired with third currencies, the Australian dollar and the New Zealand dollar often correlate closely.