Australian dollar currency notes on issue crosses 100 billion

By Sophia Rodrigues

Published On 22 Oct 2021 , 05:25 PM

The 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 buys 2024 bond at 0.1142% weighted avg yield; 2030 bond at 0.9133%

The RBA bought A$2.0B of April 2024 government bond at a cut-off yield of 0.1075% and weighted average yield of 0.114...

Published on : 12 Nov 2020 , 06:26 PM
RBA buying A$2B of April 2024 plus A$2B QE

The RBA is buying A$2 billion of April 2024 government bonds under the yield target policy, in addition to its purcha...

Published on : 12 Nov 2020 , 11:24 AM
RBA may buy 3-year government bonds again

Three-year yield on Australian government bonds are currently above the 0.10% target, raising speculation on whether...

Published on : 12 Nov 2020 , 10:51 AM
Headlines from the RBNZ’s November MPS on FLP:

Headlines from the RBNZ’s November MPS on FLP:

-Plan to implement Funding for Lending Programme in ea...

Published on : 11 Nov 2020 , 12:09 PM
RBA buying semis in March 2025 to May 2028 maturity

The RBA is buying A$1.0 billion semis today under the A$100 billion bond-buying program. 

The purchase...

Published on : 11 Nov 2020 , 11:32 AM
Results of RBA's Bond-buying Auction Monday

Results of the RBA's bond-buying auction Monday, consisting of A$1.5 billion under 3-year yield target and A$2.0...

Published on : 09 Nov 2020 , 03:54 PM
RBA buying total A$3.5B under 3-yr target, QE

The RBA is buying A$3.5 billion of government bonds today, with A$1.5 billion as part of its 3-year yield target, and...

Published on : 09 Nov 2020 , 11:33 AM
Headline from RBA Nov Statement on MonPol

RBA Not Contemplating Further Reduction In Interest Rates
RBA: Focus Will Be QE Program, Prepared To Buy More...

Published on : 06 Nov 2020 , 11:34 AM
RBA buying A$2B of Nov 2028-May 2032 at 1st QE

The RBA is buying A$2 billion of November 2028 to May 2032 government bonds (excluding December 2030 bonds) as p...

Published on : 05 Nov 2020 , 11:21 AM
RBA re-opening media lockups?

It appears the RBA's media lock-ups will restart from Friday when the Statement on Monetary Policy will be publis...

Published on : 04 Nov 2020 , 04:16 PM