Tag: Australian dollar

British Monarch to Be Removed From Australia’s $5 Note

February 1, 2023
AustraliaAustralian dollarBusiness & MarketscurrencyInternationalpersonal financeWorld
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The late Queen Elizabeth II will not be featured on Australia’s five-dollar note going forward, instead, a new design that “honours the culture and history of the First Australians”—a term to refer to Aboriginal Australians—will replace the monarch. The country’s five-dollar bill has featured the late Queen since 1992 and was due to be replaced…

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Falling Aussie Dollar Has ‘Very Modest’ Impact on Inflation: RBA

October 23, 2022
AustraliaAustralian dollarAustralian federal budgetBusiness & MarketseconomyinflationJim ChalmersReserve Bank of AustraliaWorld
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While the value of the Australian dollar has fallen significantly against the U.S. dollar this year, the depreciation is expected to contribute “only a very modest uplift” to inflation, according to a senior Reserve Bank official. Christopher Kent, the assistant governor of the Reserve Bank of Australia (RBA), said while the Australian dollar has fallen…

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