Bilateral Local Currency Swap Agreement with the Bank of Japan

Media Release Number 2016-06: The Reserve Bank of Australia has signed a bilateral local currency swap agreement with the Bank of Japan, effective as of 18 March, 2016. This agreement is designed to enhance the financial stability of the two countries, allowing for the exchange of local currencies between the two central banks of up to AUD 20 billion or JPY 1.6 trillion. The effective period of the facility will be until 17 March 2019. Source:: RBA
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Reserve Bank Investment in Korean won

Media Release Number 2016-05: The Reserve Bank has recently invested a share of its foreign currency reserves in Korean won. The allocation of 5 per cent of net reserves to the won is in line with the allocations to the Japanese yen, Canadian dollar, UK pound sterling and Chinese renminbi. This investment will help to further diversify the Bank's foreign currency reserves. The benchmark foreign currency portfolio is now comprised of the following seven currencies. Source:: RBA
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