Australian dollar currency notes on issue crosses 100 billion
By Sophia Rodrigues
Published On 22 Oct 2021 , 05:25 PMThe amount of Australian dollar currency notes on issue crossed the A$100 billion mark this week, rising to A$100.153 billion as of Oct 20. It is up a whopping A$17 billion since February last year.
Demand for currency notes has been in two phases since the start of the pandemic. The first phase lasted till the end of December 2020 when the notes on issue rose to A$98.5 billion from A$83 billion at the end of February. It then began dropping until early July, falling to A$95.4 billion. The second phase coincided with the start of the Delta variant of Covid-19 and since then the amount of notes on issue has risen every single week.
Meanwhile, the RBA's balance inched further towards the A$600 billon mark -- A$591 billion as of October 20.
LATEST SNIPPETS
RBA buying Australian govt bonds; April 2026-Nov 2029
The RBA is buying Australian government bonds today under the yield target policy, targeting its buying once again in...
Published on : 01 Apr 2020 , 11:51 AMResults of RBA's purchase of semis; yields dn vs last week
The Reserve bank today purchased the following semi-government bonds for a total of A$3 billion. Many of these bonds...
Published on : 31 Mar 2020 , 04:31 PMRBA back to buying semi-government bonds
The RBA is continuing with its bond-buying program Tuesday, and this time it is back to buying semi-government bonds....
Published on : 31 Mar 2020 , 12:02 AMRBA buys entire A$3B bonds; focuses on 2027
Results of the RBA's government bond-buying auction Monday:
The RBA bought the entire A...
Published on : 30 Mar 2020 , 12:00 AMRBA buying A$3B bonds, April 2026-April 2029 maturity
The RBA is continuing with its bond-buying spree under the yield target policy but after two days of focusing on the...
Published on : 30 Mar 2020 , 11:57 AMRBA to publish minutes on April 1 of special March board meeting
RBA will publish on April 1 the minutes of the special monetary policy announcement made on March 19. The meeting too...
Published on : 23 Mar 2020 , 06:15 PMRBA Parliamentary Hearing Bit Unusual But Not Extraordinary
RBA deputy governor Guy Debelle will be appearing before the Economics Legislation Committee in Canberra late evening...
Published on : 04 Mar 2020 , 03:26 PMEx-centralbanker Says RBA Might Do 25+25, Not 50
An ex-centralbanker with strong experience in monetary policy during the global financial crisis says the RBA is more...
Published on : 02 Mar 2020 , 02:44 PMWestpac Evans Expects RBA Cut Tue, QE by mid-year
Not much forecasting on RBA by Westpac's chief economist Bill Evans other than a 25bps cut in the cash rate...
Published on : 02 Mar 2020 , 11:14 AMAustralia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...
Published on : 12 Feb 2020 , 10:41 AM