The Reserve Bank of Australia is Australia's central bank and was created under the Reserve Bank Act 1959. It differs institutionally from APRA and ASIC and performs monetary and central bank functions while contributing to financial stability and payment and settlement systems.
What they do
Conducts monetary policy and financial system surveillance; provides liquidity and payment systems; produces Australian banknotes; acts as the banker for the Australian Government and selected entities; manages foreign exchange reserves for Australia; runs key payment and settlement systems; and regulates payments systems and operates clearing and settlement facilities subject to financial stability obligations.
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