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Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from theĀ Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by conducting monetary policy to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.