Rba

The Reserve Bank of Australia (RBA) serves as the nation's central bank, established under the Reserve Bank Act of 1959. Its primary objectives are to promote economic prosperity and the welfare of the Australian people through effective monetary policy, which includes setting interest rates and maintaining price stability. The RBA is responsible for issuing Australia's banknotes, known for their advanced polymer technology and high security features.

In addition to its monetary policy functions, the RBA ensures the stability of the financial system and the efficiency of the payments system, collaborating with other regulators to mitigate financial risks. The institution also provides essential banking services to the Australian Government and oversees the nation’s gold and foreign exchange reserves. With a workforce of over 1,500, the RBA operates from multiple locations, including Sydney, Canberra, and international offices. The Bank continuously seeks innovative payment solutions, exemplified by the New Payments Platform, providing Australians with modern and secure transaction methods.