1 Australia
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Apr 2005
Keywords:
M&G; portfolio; reserve; risk; market; ST debt; securities lending; portfolio management statistics; ratio of reserve; credit card ABS; portfolio manager; Reserves management; Currencies; International reserves; Market risk; Liquidity; Global; Europe; East Asia; benchmark portfolio; asset portfolio; investment horizon; head office building; portfolio loss; Asset allocation

Abstract

156. Australia’s foreign currency reserves are managed by the Reserve Bank of Australia (RBA). At the end of June 2002, the gross value of the reserves portfolio was US$20 billion, representing around half of the central bank’s assets. The primary role of the reserves portfolio is to fund foreign exchange market operations that arise as part of the Bank’s broader monetary policy function. Reflecting this, the reserves are managed in a manner that gives priority to low levels of credit risk, limited exposure to market risk, and maintaining a high degree of liquidity. Subject to these objectives, the Bank also seeks to earn a positive return on the portfolio.

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Cover Guidelines for Foreign Exchange Reserve Management
Guidelines for Foreign Exchange Reserve Management
Accompanying Document and Case Studies
ISBN:
9781589062610
ISSN:
2663-3744
Publication Date:
15 Apr 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589062610.069
Pages:
205