Due to global commodity prices plummeting, the Australian economy is struggling.
Now an online petition has gained over 12,000 signatures calling on the leaders of Australia's major parties to get behind a proposal to rename the currency "Dollarydoos".
"This will make millions of people around the world want to get their hands on some Australian currency due to the real life Simpsons reference, driving up the value of the Australian currency," the petition's author Thomas Probst argues.
"If the leaders of this great nation have any common sense at all, they will introduce legislation to parliament to change the name of our currency as soon as possible."
The term "Dollarydoos" was first uttered in a 1995 episode of The Simpsons titled "Bart vs Australia".
In the episode the Simpsons visit Australia after Bart makes a costly collect call to an Australian home to ask them which way the water spins as it drains out of their sink.
When the father in the Australian household sees the enormous phone bill he screams "Nine hundred dollarydoos!"
Treasurer Scott Morrison is yet to comment on whether the popular proposal has his backing.
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