Austral Central Bank Rates

Current Bank Rate - 3.20%
Next due: 06 OCT 2013


Inflation Target - 2.5%


Currencies -



Australis (A$) = Dollar ( US$) 1,58
Dollars (US$) = Australis (A$) 0,63


Australis (A$) = GBPounds (£$) 0,97
GBPounds (£$) = Australis (A$) 1,02

Australis (A$) = Euros (E$) 1,11
Euros ( E$) = Australis (A$) 0,89

Australis (A$) = NZDollar (NZD$) 2,06
NZDollar (NZD$) = Australis (A$) 0.48

Australis (A$) = AUDollar (AUD$) 1,53
AUDollar (AUD$) = Australis (A$) 0.65


A$ = XDR*

*International Monetary Fund Special Drawing Rights (XDR).

Australis (A$) it is divided into 100 cents and notes of A$5, A$10, A$20, A$50, A$100;

Core Purposes

Core Purposes

In pursuing its goal of maintaining a stable and efficient monetary and financial framework as its contribution to a healthy economy, the Bank has two core purposes; achieving them depends on the work of the Bank as whole. This part describes and explains each core purpose and some of the work that is undertaken to achieve them.

The Bank's core purposes are determined by Court as part of its role in setting the Bank's objectives and strategy. The statement below was endorsed by Court in May 2009.
The The Austral Central Bank exists to ensure monetary stability and to contribute to financial stability.

Core Purpose 1 -Monetary Stability

Monetary stability means stable prices and confidence in the currency. Stable prices are defined by the Government's inflation target, which the Bank seeks to meet through the decisions delegated to the Monetary Policy Committee, explaining those decisions transparently and implementing them effectively in the money markets.

Core Purpose 2 -Financial Stability

Financial stability entails detecting and reducing threats to the financial system as a whole. Such threats are detected through the Bank's surveillance and market intelligence functions. They are reduced by strengthening infrastructure, and by financial and other operations, at home and abroad, including, in exceptional circumstances, by acting as the lender of last resort.

About The Bank

The Austral Central Bank (ACB) is the central bank of the Republic Austral, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy.

Since its foundation, it has been the Government's banker and banker to the banking system more generally - the bankers' bank. The Austral Central Bank manages the Australis foreign exchange and gold reserves.
The Bank has two core purposes - monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and its interest rate decisions. The Bank has had a monopoly on the issue of banknotes in The Austral Territory and responsibility for setting the australis official interest rate.

Interest rates decisions are taken by the Bank's Monetary Policy Committee. The MPC has to judge what interest rate is necessary to meet a target for overall inflation in the economy. The inflation target is set each year by the Finance Minister. The Bank implements its interest rate decisions through its financial market operations - it sets the interest rate at which the Bank lends to banks and other financial institutions.