Question:

What is the Reserve Bank of Australia?

by Guest6148  |  12 years, 9 month(s) ago

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Can someone tell me that what is the Reserve Bank of Australia? If Reserve Bank of Australia is a commercial bank of Australia.

 Tags: Australia, bank, Reserve

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  1. Guest3670
    The Reserve Bank of Australia is Australia's central bank. Its role is set out in the  Reserve Bank Act 1959. The Bank conducts the nation's monetary policy and issues its currency. It seeks to foster financial system stability and promotes the safety and efficiency of the  payments system. It also offers banking services to government.

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