Reserve Bank of Australia Competition

The Reserve Bank of Australia hopes the Australian dollar is not down under. The financial institution is Australia's Central Bank, responsible for setting monetary policy and keeping the Australian economy stable. The Australian government-owned bank processes receipts and government payments, such as those made by the Department of Veterans' Affairs and other large agencies. The Reserve Bank also regulates systems for settling accounts between other banks involving such regular transactions as check clearance and electronic transfer of funds; it settles transactions from the Government Securities market, as well. It is also responsible for printing Australia's money through subsidiary Note Printing Australia.