Reserve Bank of Australia
Address: 65 Martin Place
City: Sydney
ZIP Code: 2000
State/County: New South Wales
Country: Australia
Description:
| The Reserve Bank of Australia is Australia’s central bank. It issues Australia’s currency, conducts monetary policy and works to maintain a strong financial system. As well as being a policy-making body, the Reserve Bank of Australia provides selected banking and registry services to a range of Australian government agencies and to a number of overseas central banks and official institutions. It also manages Australia’s gold and foreign exchange reserves. The role and functions of the Reserve Bank are underpinned by various pieces of legislation. The Bank is a statutory authority, established by an Act of Parliament, the Reserve Bank Act 1959, which gives it specific powers and obligations. The Reserve Bank of Australia is responsible for all aspects of the production and issuance of Australian banknotes. It works to ensure that the Australian public has confidence in their banknotes as a means of payment and a secure store of wealth. Australia’s banknotes are printed on a polymer (plastic) material and incorporate a range of security features that are easy for the public to recognise but difficult to counterfeit. |
