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Australia
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Country name:
conventional long form: Commonwealth of Australia
conventional short form: Australia
Area: 7,686,850 km2
Location: Oceania, continent between the Indian Ocean and the South Pacific Ocean
Population: 19,731,984 (July 2003 est.)
Capital: Canberra
Currency: Australian Dollar (AUD)
Central Bank:
Reserve Bank of Australia
The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is an active participant in financial markets, manages Australia's foreign reserves, issues Australian currency notes and serves as banker to the Commonwealth Government.
Stock Exchange(s):
Australian Stock Exchange (ASX)
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