Arab Today, arab today australia injects 85bn into reserve bank
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Australia injects $8.5bn into Reserve bank

Arab Today, arab today

Arab Today, arab today Australia injects $8.5bn into Reserve bank

Canberra - XINHUA

The Australian government will make a one-off 8.8 billion AU dollars (almost 8.58 billion U.S. dollars) grant to strengthen the financial position of the Reserve Bank of Australia, Treasurer Joe Hockey announced Wednesday. According to him, this grant will enhance the Reserve Bank of Australia\'s capacity to conduct its monetary policy and foreign exchange operations. The Reserve Bank Reserve Fund currently sits at just 3.8 percent of the bank\'s assets at risk. \"Since the election, the governor of the Reserve Bank has written to me indicating that the Reserve Bank Board believes that it would be appropriate for the Reserve Bank Reserve Fund to be increased to 15 percent of the bank\'s assets at risk,\" Hockey said. \"Accordingly, the government injection of 8.8 billion Australian dollars into the Reserve Bank Reserve Fund to meet the 15 percent target will ensure that the bank is properly resourced, \" he added. He also confirmed that Australia\'s financial system relies on the financial strength of the Reserve Bank and the credibility of its monetary policy and foreign exchange operations. According to him, this injection of funds puts beyond any doubt the Reserve Bank\'s continued ability to perform its core monetary policy and foreign exchange functions in an environment of heightened financial market volatility.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia injects 85bn into reserve bank Arab Today, arab today australia injects 85bn into reserve bank

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia injects 85bn into reserve bank Arab Today, arab today australia injects 85bn into reserve bank

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday