Last Updated：2025/12/20
Sentence
Basically,
to
overcome
an
acute
shortage
of
money
in
1813,
Governor
Lachlan
Macquarie
bought
silver
dollars
from
Spain
and
then
punched
the
centres
out,
thereby
producing
two
coins
-
the
‘holey
dollar’
(worth
five
shillings)
and
the
‘dump’
(worth
one
shilling
and
threepence).
Talk
about
creating
money
out
of
nothing—the
original
silver
dollar
only
cost
five
shillings!
The
holey
dollar
and
the
dump
have
been
adopted
as
the
symbol
for
the
Macquarie
Bank
in
Australia.
Quizzes for review
Basically, to overcome an acute shortage of money in 1813, Governor Lachlan Macquarie bought silver dollars from Spain and then punched the centres out, thereby producing two coins - the ‘holey dollar’ (worth five shillings) and the ‘dump’ (worth one shilling and threepence). Talk about creating money out of nothing—the original silver dollar only cost five shillings! The holey dollar and the dump have been adopted as the symbol for the Macquarie Bank in Australia.
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